microfinance

•Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.
 
yes ofcourse but its being misused or the politicians are corrupting. if its implemented in the right it will work
 
Subbarao had taken a serious note against using muscle power by the Microfinancing agencies.

It is no doubt a great tool to eradicate poverty as is established by Muhammad Yousuf of Bangaldesh getting a Nobel Peace prize for his active role in Grameen bank ( microfinance) .
 
exactly.micro finance main moto is to eradicate poverty and women empowerment.as per the news they are charging highs interest rates in around but not exactly it i
 
One cartoon in Hindu depicts the various farmer being decorated in the SLides ( for microscope) and are being observed in the lenses marking interest rate as 30, 40 and 50 %.
 
I am not aware of that current interest rate, but have an idea that it is too high. Here the question is that if microfinace main moto is to eradicate poverty and women empowerment, then why the interst rates are too high?
 
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