Micro-finance
Q. Connect Nobel Peace Prize 2006, 3rd largest private bank in India and Sangli Bank.
Two days back, Dr. Muhammad Yunus from Bangladesh walked in Oslo to receive Alfred Nobel’s most prestigious largesse – the peace prize. Accion Group enters into a strategic alliance with India’s third largest bank YES Bank. ICICI Bank announces an all stock buyout of Sangli Bank. Three news. One thought. Micro-finance.
I don’t know much about microfinance. These news snippets in the space of a few days got me going. Microfinance, simply put is banking for the very poor. This involves special structured products and services tailored for the poor. Even without knowing the numbers one can say that the size of the microfinance market in India is immense. But more importantly, it’s the customers who would benefit the most as is evident in Andhra Pradesh where microfinance has been successful. I wonder if a corporate tool will actually succeed in reducing the number of farmer suicides.
Read More on Micro-finance
Two days back, Dr. Muhammad Yunus from Bangladesh walked in Oslo to receive Alfred Nobel’s most prestigious largesse – the peace prize. Accion Group enters into a strategic alliance with India’s third largest bank YES Bank. ICICI Bank announces an all stock buyout of Sangli Bank. Three news. One thought. Micro-finance.
I don’t know much about microfinance. These news snippets in the space of a few days got me going. Microfinance, simply put is banking for the very poor. This involves special structured products and services tailored for the poor. Even without knowing the numbers one can say that the size of the microfinance market in India is immense. But more importantly, it’s the customers who would benefit the most as is evident in Andhra Pradesh where microfinance has been successful. I wonder if a corporate tool will actually succeed in reducing the number of farmer suicides.
Read More on Micro-finance
0 comments
Post a Comment
<< Home