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Microfinance and Social Impact: Measuring Success Beyond Financials
In the world of measuring success in terms of money, microfinance is a service that makes financial aid such as small loans and insurance available to individuals who are denied financial support from conventional banking services.
How Does an NBFC-MFI Ensure Responsible Lending Practices in Microfinance?
When it comes to financial needs and services, it is important to know about Microfinance. Microfinance Companies play a key role in providing basic financial services to underserved and unbanked populations.
The Impact of Microfinance: How Small Loans Can Make a Big Difference
Microfinance, a financial service that provides small loans and other financial services to low-income individuals and communities, has gained significant attention in recent years.
The Benefits and Challenges of Microfinance in Rural Areas
Poverty remains a significant economic issue in many developing countries, including India. Here agriculture is the main source of income for rural areas. However, despite employing 42.6% of the workforce in 2019...
How to have a flourishing career in the NBFC sector?
NBFC – Non-Banking Financial Companies include a loan company, an investment company, an asset finance company, and residuary non-banking companies. In the past decade, NBFCs have made tremendous growth in the Indian financial sector.
Future of Microfinance in India
The microfinance industry started in the 1990s in India by taking inspiration from the Grameen model of Prof. Mohammad Yunus in Bangladesh. Over the years, MFI (Micro Finance Institutions) have helped India in boosting financial inclusion, self-sufficiency, stability, women’s...