Summary
Contents
This series of annual reports on the microfinance sector in India which seeks to document developments, clarify issues, publicize studies, stimulate research, identify policy choices, generate understanding, and enhance support for the sector. It highlights recent developments under each of the two main models of microfinance in India – the SHG and MFI models. The book highlights recent developments in Self Help Groups (SHGs) and SHG Bank Linkage Programme (SBLPs), and focuses on microfinance with regard to the investment scenario in India.
Microfinance Institutions—Coming of Age
Microfinance Institutions—Coming of Age
‘When we started I used to get excited talking about the potential of the sector in terms of lakhs of customers and crores in portfolio. Now this new breed of microfinanciers has come in and comfortably talks about having millions of clients and billions in loans’—Vijay Mahajan, during the roundtable discussions in Hyderabad.
He is not alone in his admiration for the way the sector has grown in the last few years. From a small portfolio outstanding of Rs 8.97 billion in 2005, the MFI segment has grown 13 times in 4 years to end the year 2009 with Rs 117 billion in outstanding loans. The growth rates in four successive years are commendable in comparison with any sector ...