Role of microfinance incubators in India at FinGad.com

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Role of microfinance incubators in India

Categorie: Emerging Markets
Submitted 3 months ago by

Drdutta

From a microfinance institution’s point of view, India, it would seem, is a nation divided. While nearly, 7.5 million poor people in the southern and eastern parts of the country have access to micro-credit, only around 350,000 people in the north and west have managed to do so. This state of affairs could lead to lopsided economic growth, unless something is done fast.That is precisely what a clutch of institutions—called microfinance incubators—are now doing by coming up with an innovative solution to correct this imbalance. These incubators have one purpose—to develop and deploy microfinance entrepreneurs and institutions into regions where the poor still remain untouched. Already, three such organisations—the Indian Institute of Management, Bangalore (IIMB), ICICI Bank and ABN Amr... More...

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#1 | Lovephileo @ 3 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 412 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Hi Drdutta,, Training in MFI's especially the field operators is very vital. in the philippines, incubation takes for 2 months averagely among MFI's. However, i've seen how it is kind a difficult to perfect the actual operation with a very good end result if the training we give defiles the values of Microfinancing. Innovations are tempting sometimes though it competes, but the core values must not be destroyed such as integrity, responsibility, unity, trust, mutual-sharing. Otherwise, even the world-class microfinance practitioners will fall short on excellence. MFI's must major not only the mechanics of the business but most of all the character and culture where microfinance was purposely borne for.

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