Microfinance Borrowers Demand Higher Loans and Value Added Services
Microfinance Focus December 29, 2010:
Microfinance in the Field: Interview with a Moneylender
Microfinance Focus, June 16, 2010: Despite being a constant subject of criticism, Moneylenders continue to be the lenders of last resort for the poor. Their matchless flexibility of lending big amounts at the oddest hours, gives them an unbeatable edge over microfinance and commercial banks. With no collaterals, no joint liability groups and no compulsions of weekly repayments; moneylenders do give poor an easy access to credit like none other.
Microfinance in the Field: Why I didn’t become a Client of Microfinance Institution
Microfinance Focus, May 10, 2010: Babuben, a middle aged woman runs a small grocery shop in South Bangalore, India. In spite of sitting in a microfinance hub and surrounded by neighbours who have found a way out of poverty with the help of microfinance, she still chooses to stay away from it. Babuben rather preferred taking loans of about Rs. 70, 000 from 11 separate financial sources which includes 9 Moneylenders, 1 Co-Operative Bank and 1 Chit Fund for her business.