Is there a microfinance bubble in India? Can self-regulation help prevent it? Directors of leading Indian MFIs, Vijay Mahajan of BASIX and P.N. Vasudevan of Equitas share their views on whether such a bubble exists, as well as what Indian MFIs are doing to prevent one from happening. Daniel Rozas and Sanjay Sinha provide an update on the level of saturation in the Indian microfinance market, and discuss their thoughts on whether self-regulation by Indian MFIs can be effective at controlling overlending.
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Mr. Matthew Fuchs of Microfinance Focus spoke with Graham A.N Wright, Program Director of MicroSave India, a microfinance consultancy firm.
Here are the excerpts from the interview:
Microfinance Focus: MicroSave recently launched the "MFI in a Box." Can you explain what this project is about?
Graham Wright: We've been working with the RBSFI, the ...
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By Dr. Souren Ghosal
Micro financing has been conceived and organized and strongly believed and focused as an institution for poverty alleviation. It is therefore an irony of fate that largely due to failure in conceptualizing and or deliberate dishonesty that most of these institutions though have been glorified and glamorized as saviors of poor but in reality hardly touch even the periphery of needs of ...
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