Small scale microfinance institutions constitute a sizeable chunk of the entire microfinance industry in India. Microfinance institutions face large amount of credit risk today. Keeping that in mind these institutions are using different approaches and techniques.
credit risk management in microfinance industry of indiaMicro finance institutions operate in the Indian economy with the ultimate objective to serve the financially poor section of the society. This is done by providing them with financial support and credit services (Lyuirika, 2010). However, their objective of financial stability and their long term viability can’t be overlooked.
credit risk management in microfinance industry of indiaOwing to the increase in the economic development and growing Gross Domestic Product (GDP) of India, there is an increasing demand for financial assistance, especially in microfinance. This demand is not only from corporations and financially stronger groups but also from the lower sections of the society.
credit risk management in microfinance industry of india, market dynamicsIn the previous article, the author reviewed the need for credit risk management in microfinance institutions. Small scale microfinance institutions constitute a sizeable chunk of the entire microfinance industry in India.
credit risk management in microfinance industry of indiaMicro finance institutions operate in the economy with the ultimate objective to serve the financially poor section of the society, by providing them with financial support and credit services (Luyirika, 2010).
credit risk management in microfinance industry of indiaThe first microenterprise program began in the developing world in the early 1960s and emerged in the United States…
credit risk management in microfinance industry of indiaThe traditional neoclassical economic approaches to household decision making leaves no room for…
credit risk management in microfinance industry of indiaInternational aid and development work related to addressing poverty often focuses on the issue of empowerment with microfinance.
credit risk management in microfinance industry of india