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Micro Finance

By admin on Monday, October 3, 2011
Category: Micro Finance

Micro Finance

Micro Finance

Micro Finance is a facilty of providing finance as loans/advances & other banking facilicties on small scale and for short trem period to the poor& lower income income groups, in order to establish/expand their business or other means of activity carried out for earning livelihood.

One of the renound organisation AKRSP which provides the Micro Finance facilities was recently in news.

Siddi women learn to save, become self-reliant
AHMEDABAD: Sharifaben Makwana, a Siddi woman, was skeptical of the Aga Khan Rural Support Programme (AKRSP) group, when she was approached by them. Bound by poverty and stuck in the tribal mindset, she and her community rejected the self-help group for a long time. “We used to break the windows of their vehicles, puncture their tyres and try to scare them away. But eventually they convinced us about savings and loans.”
(more info) (

Zanzibar hosts conference on mobile financial services

Microfinance Focus, March 1, 2012: The Bank of Tanzania, Central Bank of Kenya and Alliance for financial inclusion are hosting a two-day international conference on African Mobile Financial Services and Financial inclusion in Zanzibar on March 1-2. The conference is attracting participants from 39 African countries and other international organizations. (Read more) (

Story of change: Asma and Jalaludin Mistri

Asma Mistri and her husband Jalaludin live in Dakshin Barasat at South 24 Parganas in West Bangal. They earn their living from their home-based business doing zari embroidery on fabric. They are among the many who have suffered from the exclusion of the grid electricity in the village. (Read more) (