Microfinance Is Not Just A Money
The core of microfinance programmes go beyond mere access and distribution of money, to deeper issues of how money is utilized and invested by low-income individuals. It helps in fostering and developing a micro, community-based environment where existing networks and interlinks are strengthend. It is important therefore to understand that microfinance dosen’t stand alone, but overlaps on existing developmental activities and helps in their implementation.
Eight such issues are presented here, with supporting good practices in microfinance management:
- Organizational and operational aspects
- Networking and information gathering
- Community and kinship development
- Skill and vocational development
- Leadership development
- Trust building
- Small enterprise management
- Education and health
So Microfinancing means not only money trading or trafficing it also deals with Social reformation. Proper Microfinancing can change the root of any starving society.
Hi Abhijit…really liked the search engine you’re using…can you permit me to use it as well !
thanx, Arindam
Comment by Administrator — November 8, 2006 @ 11:19 am
developing world micro-finance is something which can a remarkable impact. But this is not totally beyond criticism.Inspite of huge repayment rate Grameen Bank still requeirs subsidy. Poor woman forced by th peer group to take loan from private money lender to repay borrowings. U hv to look in to this matters also.
Comment by Nandini — November 17, 2006 @ 12:13 pm