The MFI organizations’ use different IT systems for tracking client information, managing applications and reporting.

The MFI organizations’ use different IT systems for tracking client information, managing applications and reporting.

THE USE OF TECHNOLOGY IN MICROFINANCE & HINDERANCE FACED BY MFIs Introduction: “A good information system is a necessary tool for managing a MFI successfully.” The MFI organizations’ use different IT systems for tracking client information, managing applications and reporting. The majority of MFI would like to use more technology for the following reasons: To […]

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Micro Finance – Strengths and Weaknesses

Micro Finance – Strengths and Weaknesses

Strengths and Weaknesses of micro finance  Strengths: The biggest strength is bringing financial services to the poorest of the poor people and making it financially sustainable by the economies of scalability. In India the National Bank for Agriculture and Rural Development (NABARD) finances more than 500 banks that lend funds to Self-help groups (SHG). SHGs […]

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Micro Finance

Micro Finance

Micro Finance-Prime Motto Outreach and sustainability are two critical objectives for microfinance institutions (MFIs). Outreach is also an indicator of the institution’s social mission—to scale up and provide services to as many people as possible. Sustainability, in contrast, requires operating at a level of profitability that allows sustained service delivery without dependence on subsidized inputs […]

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