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Welcome!
In the Micro Finance project we will be raising funds to cover
the start up costs of Micro Finance banks in Africa. Our goal is to
improve access to micro credits loans and support small business entrepreneurs.
NEWS - Micro Finance In India
More loans for India’s poor as reported in The Economist
13/08/2005
Microcredit is flourishing in India reaching 8m-10m households mainly
through “Self Help Groups”(SHGs) according to Sa-Dhan, an
association of Indian microcredit lenders. These groups are rapidly
expanding and typically bring together about 15 women who pool savings
for a few months, allocate them to members who need small amounts temporarily,
and are then eligible for a bank loan. The Indian government is also
introducing measures to further stimulate and promote microfinance institutions
to help them act as better intermediaries between banks and borrowers.
Read more...
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