MFIN will not impact relevance of Sa-Dhan in Indian microfinance: Suresh Gurumani
- Wednesday, March 10, 2010, 13:46
- Latest News
- Add a comment
Microfinance Focus, March 10, 2010: Microfinance Institutions Network (MFIN), the body of 31-member NBFC microfinance institutions in India, will not hit the relevance of Sa-Dhan in Indian microfinance sector, clarified Suresh Gurumani, a board member of MFIN, in a recent interview with Microfinance Focus.
He made it clear that the interests of NBFC-MFIs are different and MFIN would serve their purpose. “We are still members of Sa-Dhan,” he asserted. Sa-Dhan is a lobby group of 234 members in the country and MFIN has been formed early this year by NBFC-MFIs.
Suresh Gurumani was unequivocal to defend the move saying, “We are responsible to our investors and to the regulator. We have to achieve credibility in the long-run to be in the sector.” MFIN, through its Alpha Micro Finance Consultants Private Ltd., has taken up the task of information-sharing among its members to achieve credibility.
© 2010, Microfinance News. All rights reserved. 2008-09
Write a Comment
Gravatars are small images that can show your personality. You can get your gravatar for free today!