A Confluence of two world`s Microfinance Leader`s
Indian Microfinance Leaders …learning from Guru
After several years.. Old friends meet again
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Sanjay Sinha (Managing Director, M-CRIL) Availability of human resources is the real challenge. During the rating of an MFI, it was found that the manager of a branch was, in fact, a trainee (a “training trainee” according to him). The system of trainees training trainees is not sustainable. Many MFIs, in an effort to minimise costs, increase the loan size. The average cost does decrease, but depth of outreach is compromised. The portfolio quality of the large MFIs has not been affected . . . → Read More: The Structural Challenges of Scale – The Balancing Act (Highlights) Aloysius Fernandez (Chairperson, Sanghamitra Rural Financial Services) The deeper the poverty, the lesser the micro credit effectiveness. When an individual member stays with a group for more than 8 years, having taken 15 to 20 loans to the tune of Rs 1, 50,000 to Rs 3, 00,000, only then can that person stand on her own feet. B. B. Mohanty (CGM, NABARD) Rating agency reports indicate that most MFIs have weak internal control and governance systems. There should be focus . . . → Read More: Growth in Microfinance and Gaps in the Practice: Highlights Helping people raising capital to spread the system is our mission. Funding is the main constrain for almost every MFI. The economic crisis definitely affects us and it is a huge challenge to raise money, especially for start-ups and young organisations. Anyway, the MF-sector is doing much better than other sectors because the poor are more isolated from the system. At the conference I am here for meeting people. In fact Yunus’ session was the first I attended at these . . . → Read More: Crisis affects Start-Ups Alok Prasad (Country Director, Citi Micro Alok Prasad: In business, there must be profit finance) reaffirmed the neccessity of assessing a borrowers repayment capacity. “There are two things at work here – the ability of the borrower to repay the loan and the willingness of the borrower to repay the loan,” he explained. While also touching upon the changing needs of different client segments, he also expressed the need for MFIs to customise credit products. . . . → Read More: Alok Prasad: Make Sound Lending Decisions Ela Bhatt (Founder, SEWA Bank) talks to Christina Weichselbaumer (Associate Editor, Microfinance Focus) MF Focus: Founding SEWA helped practically so many women getting out of poverty and becoming more self-confident. What about the political impact?
Bhatt: This is part of the game, SEWA has grown large and has its presence. We are dealing in the mainstream economy and we are bound to shed up the power structures: With . . . → Read More: Ela Bhatt: Most important – coming together CASHPOR INDIA J. S. Tomar, Managing Director The biggest problems we are facing with Microfinance are the financial resources and trained staff, HR. We are already heavily influenced by the economic crisis and it practically affects our work. Concerning the human ressources, it is difficult to train and retain people. We are operating in a very remote area and people don’t want to stay there. They are heading for better career perspectives . . . → Read More: Resources, both financial and human Swadhaar FinAccess Haseena Vahanvaty Director The main challenge we face with our work is get the women in the slums to save. We have modules for financial education, working on urban Microfinance. We want to get the women start to save, to get a saving account, use it and make the women regularly safe. We try to get them at our meetings once a week and make it fun for them. At the concerence I am here for the sessions. . . . → Read More: Saving is the challenge Suresh Gurumani: Why not harp on our success instead of problems? The initial discussion at the Sa-Dhan National Microfinance Conference 09 focussed on the problems and issues requiring attention and remedy. In a short interview, Suresh Gurumani (Chief Executive Officer, SKS Microfinance) revealed that the competence of the microfinance sector should be showcased in such forums. “Here is a chance for us to show regulators, investors and others that we are a responsible, credible sector and ready for new laws. . . . → Read More: Suresh Gurumani: Showcase the Sector's Competence Vijay Mahajan (Chairman, BASIX) Real Sector is the Key Crisis is not in finance, but in the real sector. The soil has lost its humus, now it is full of chemicals; the water table has dropped deep down; climate has become unpredictable. Investments are needed in the real sector; this is the need of the times. A New Paradigm within Credit Micro credit is small-sized, short term and for individuals. However, livelihood finance is lumpy (large), long term and for . . . → Read More: Technical Session 1: Highlights H. Bedi (Managing Trustee, Development Support Team) Professor Mohammed Yunus gave global microfinance a face and a voice. Ela Bhat (Founder, SEWA Bank) The effectiveness of microfinance is not in growth, but in the long term relationship of microfinance with clients and the community. Banking, after all, is a relationship of trust and not mere finance. Banking with the poor is a resource mobilisation opportunity for bankers. Bankers need to invest more in the microfinance sector. R. M. Malla (CMD, . . . → Read More: Inaugural Session – Highlights of Speeches Quality human resources is an area of concern among MFIs today. This morning, minutes ahead of the conference, Sankar Datta (Dean, The Livelihood School) took time to share his views exclusively with Microfinance Focus. “It’s not rocket science. With quality training, personnel will not only be able to identify livelihood opportunities for clients but will also develop far more compassion in dealing with these clients.” Microfinance can impact lives when the benefits from the sector extend beyond credit. Sankar . . . → Read More: Quality HR: It's not Rocket Science |
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