Despite higher increase, simply an one-tenth of the need for micro-finance is being served. Although microfinance institutions (MFIs) expanded their client home in 2006 on an average by around 23 per penny, with the book of their loans having risen precipitously in new years to $25 billion last year from around $4 bn in 2001, the microfinance industry is yet incapable to play much than a fraction of today’s prospective borrowers’ need. , a survey by Deutsche Bank Research says. While MFIs presently help an estimated 100 million micro-borrowers, the overall prospective need in terms of amount of borrowers is approximately estimated at one billion, says the survey that calls for an increasing participation of personal sector investors to scale upward microfinance. In geographical terms, the undeveloped need is unevenly spreading around the world. The largest fraction of impoverished folk is located in India (310 million), Bangladesh (70 m), Indonesia (60 m), Nigeria (45 m) and Brazil (40 m).
UncategorizedJanuary 9, 2008 7:02 am
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