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BRIEF HISTORY
Microfinance refers to a variety of financial services that target low income clients. 1800s, institutes were known as peoples banks, credit unions, saving &credit co-operatives. 1950 and 1970 countries like Bangladesh and Brazil started to focus on micro investment. BANK (4000 women
In
Between
1972-SEWA
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GENERAL OVERVIEW
MFIs
currently operate in over 100 countries.sreving more than 75 million clients. of large market,willingness of banks of MFIs and Govt supportfactors for rapid growth of MFIs. 2007,GRAMEEN BANK won the NOBEL PEACE PRIZE. India Andhra Pradesh,Tamil Nadu,Karnataka accounting 52% of
Availability
In In
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WORKING OF MICROFINANCE
Microfinance
supports people in developing economies, especially in rural areas where daily activities are carried out without money. Microfinance supports Poor people who find different ways to meet their needs. Microfinance supports poor households in order to grow.
OBJECTIVES
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OCCUPATION OR PARTNERSHIP
SOLE-PROPRIETOR
HOW
AWARE
LOAN
TAKEN FROM MFIs OR BANK MUCH FOR WHAT PURPOSE USED ANY IMPROVEMENT OF TAKING LOAN
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HOW
LOAN
PROCEDURE
SATISFIED
WITH BENEFITS
WAY
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TWO
BENEFITTED
PRIOR
IN FUTURE
GOES
BANK REGULARLY .
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TO
CONTACT
SIZE
OF FAMILY . INCOME.
ANNUAL
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Sources of Data
q Secondary data:
Meaning Usage sources
q Primary data:
Meaning
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LIMITATIONS
Small sample size Lack of professionalisiom No use of statistical methods Poor people- lack of education Different opinion Difficult to come on conclusion
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43%
Yes No
57%
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44%
45% 40% 35% 30% 25% 20% 15% 10% 5% 0%
24% 11%
21%
Friends
Relatives
Advertisment
Friends
Relatives
Advertisment
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34%
Yes No
66%
Rate of interest
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Rate of intrest
>10, 5%
<6, 50%
6--10, 45%
<6
6--10
>10
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50% 40% 30% 20% 10% 0% Home Home vehical vehical Business Business other(edu)
other(edu)
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amt of loan
24%
55% 21%
<500000
500000--10,00000
>10,00,000
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25%
25% 16%
Business House Education other(vehicle)
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17%
Yes No
83%
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22%
78%
Yes
No
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13%
Yes No
87%
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5%
32%
63%
Monthly
Yearly
Other(half yearly,Quartly)
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Starting business
Starting business
48% 52%
Yes
No
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(2)
45% 55%
Yes
No
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14%
61%
Q.16: Do you have any plan to get finance from any sources?
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10% 21%
Yes No No reply
69%
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21%
15% 64%
Bank
MIF
Other(Moneylender,relatives)
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Yes No
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23%
77%
10.00% 0.00% 1
7.50%
Yes
no
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5%
40%
55%
<4
5--6
>6
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Person in a family
2% 42.5%
45.5%
10%
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Q.24:Total Income
19%
44%
RECCOMENDATION
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v RECCOMENDATION ABOUT MFIS: Its a Growing concept. Have not concern the slum area. Regional banks should be concerned. Comfortability should be made to people.
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CHALLENGES OF MICROFINANCE
Providing financial service to the poor. Incomplete information problem. Hidden action problem. Client profile. Staff.
CONCLUSION
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Private & govt. both play their role India is having unique picture of micro-finance. ANDHRA PRADESH & TAMIL NADU consists of 52% and 59% clients respective. Absence of structural education & vocational programme. Many people have shortfall in knowledge and having difficulty in taking loan.
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