Beneficiaries: The beneficiaries of microfinance are typically the low income group which works on a hand to mouth model and do not have a sustainable income source. Majority of these groups need financing to fund their pity shops, raise cattle, start small business on pushcarts etc. Till now farmers do not have the luxury to enjoy the benefits of these loans.
Amount of credit disbursed: The loan amounts usually are very low in the range of Rs1000/- to Rs 10,000/-, these credit are for terms ranging from 3 months to 2 years with payback starting immediately in form of monthly/ weekly instalments.
Recovery Rates: The loan repayment rates have been very high, industry standard is 98.5%. The remaining 1.5% in most cases has been attributed to circumstances beyond human control like terminal illness in the family, a major accident etc.
Saturday, August 16, 2008
MF factors
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3 comments:
having done my internship programme in an emerging MFI i got an opportunity to learn in depth about microfinance and a number of issues related to it. microfinance seems to be simple phenomenon of lending and recovering loans, but the nature of benefeciaries it deals with, ie poorest of the poor, makes it entirely different kind of operation. great deal of learning can happen about MF operations if one studies from the view point of an organisation which may include several aspects like how the MFI selects the so called poor, how it designs the loan product for the needy, what are its recovery strategies and how it maintains operational efficiency.
the rate at which MFIs are emerging their transperancy is becoming questionable. these are just few issues i m mentioning, MF is a ocean of such issues.
Mr Pedro is absolutely incredible. He’s been so responsive, so patient & honest, and just wonderful at his job as a loan officer. I will buy every future house with him if I ever move to DC. He’s just the absolute best.”
I will recommend anyone here looking for a loan to contact a loan officer Pedro on Email... pedroloanss@gmail.com
Mr Pedro is absolutely incredible. He’s been so responsive, so patient & honest, and just wonderful at his job as a loan officer. I will buy every future house with him if I ever move to DC. He’s just the absolute best.”
I will recommend anyone here looking for a loan to contact a loan officer Pedro on Email... pedroloanss@gmail.com
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