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  • Microfinance Insights Issue 3. Microfinance - Mixmarket

Get Microfinance Insights Issue 3. Microfinance - Mixmarket

Microfinance Vol. 3, June 2007 Cover Price: INR 35/ US$10 Features Valuations: Chimera or Science? Interviews: Vikram Akula, Vijay Mahajan, Udaia Kumar Investor Insights: Legatum & Aavishkaar.

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Some criticisms of the microlending industry as it's grown include excessively high interest rates charged on the small loans extended, profit motives at odds with the original intent of helping the poor, and loans so limited they can't really make their impoverished borrowers self-sufficient.

There is a severe lack of awareness of financial services provided by the microfinance industry among the masses. This lack of adequate knowledge is a significant factor that keeps the rural population from accessing MFIs for easy credit to meet their financial needs.

Through MIX Market, an MFI, funding organization, service provider or network can post business, performance and financial data for public access. This process increases financial transparency in the industry and is an easy way for MFIs in particular to be transparent.

In short, in many of the developing country environments where microfinance has been applied, its potential as a poverty solution is severely diminished. Those who are supposed to benefit end up, at best, “all dressed up with no place to go.”

While some microfinance interest rates are lower than conventional banks' rates, critics have charged that these operations are making money off the poor.15 Also, many major financial institutions and other large corporations have launched for-profit microfinance departments, raising concerns that, out of a desire to ...

3. Education and Health Outcomes: Access to education and healthcare services is a critical aspect of social impact. Monitoring metrics such as school enrollment rates, improvements in literacy, and better health outcomes can help gauge the effectiveness of microfinance in these areas.

First, there is no standard for interest rates for the poor. There is no enforced system that ensures that microfinance institutions have low interest rates in place that do not create an even greater burden on the poor, creating a cycle of debt and unpaid loans.

The interest rates charged by microfinance institutions are far much higher than the ones charged by commercial banks. These interest rates may vary from 12% to 30% which is very high and puts a lot of pressure on the loan applicants especially when most of these applicants come from marginalized groups.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232