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Q.

What is micro finnace

Asked by benoy sharma, 17 Apr '12 04:31 pm
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Answers (4)

1.

Micro finance means: small finance, there are around 200+ small MFI companies in India, SKS Microfinance is one of the leading Micro finance in India even in the world after Grameen bank of Bangaladesh ........ the concept of Microfinance is to eradicate poverty and to empower women through the IGL( Incom Generating loan patten. Like Banks, microfinance is never asking for the colateral mortgage to sanction a loan ....... they provide the service at the dore step of the members and collect weekly from the members. ........ where as to get a loan, everyone has to run to the bank several times ...... the loan amount starts from Rs.10,000/- at the initial stage and once the member repays the loan amount up to 18 weeks than she is eligible to get the 2nd loan ......... it is a nice concept indeed .....
Answered by pradeep mishra, 17 Apr '12 04:40 pm

 
  
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2.

2 rupees ka investment karna
Source: Economy
Answered by shailuna, 17 Apr '12 04:32 pm

 
  
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3.

Microfinance can be comprehended to entail the supply of financial services to micro-entrepreneurs and small businesses, which lack accessing to banking and related services due to the high transaction costs consorted with serving these client categories. The two main mechanisms for the deliverance of financial services to such clients are
(1) relationship-based banking for individual entrepreneurs and small businesses ;
and (2) group-based models, where several entrepreneurs come together to apply.
Source: http://www.probondins.com/
Answered by Probondins, 23 May '12 12:11 pm

 
  
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4.

Microfinance is usually understood to entail the provision of financial services to micro-entrepreneurs and small businesses, which lack access to banking and related services due to the high transaction costs associated with serving these client categories. The two main mechanisms for the delivery of financial services to such clients are relationship-based banking for individual entrepreneurs and small businesses; and group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
Answered by Lost Soul, 17 Apr '12 04:47 pm

 
  
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