Microfinance

Viraat Tiwari
11214029

PEM

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Introduction
What is Microfinance
Grameen Bank Model
Developments in Microfinance
Microfinance Industry Structure
Key Challenges
Rating of Microfinance Institutions

What is Microfinance

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Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services

Microfinance can also be defined as:

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Why access to finance matters

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Credit

Savings

Insurance

But banks lack an incentive to work with poor.

Low income individuals have volatile income and little to no collateral
Frequent,small transactions are costly for banks.

Lending Process in Microfinance

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Grameen Bank

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The Grameen Bank is a Nobel Peace Prize-winning microfinance organization and a community development bank founded in Bangladesh.

Founded:1983

Founder:Mohammed Yunus

Headquarters: Dhaka,Bangladesh

No. of Branches: 2565

Grameen Bank Model

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Developments in Microfinance:Global

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Developments in Microfinance:India

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Pillars of Microfinance in India

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Microfinance in India

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There is an involvement from the concerned NGO before and even after the SHG-Bank linkage. The SHG-Bank linkage programme, which has been in place since 1992 in India, has provided about 22.4 lakh for SHG finance by 2006. It involves commercial banks, regional rural banks (RRBs) and cooperative banks in its operations.

Microfinance in India

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