Microfinance Scope

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  • Topic: Microfinance, Microcredit, Grameen Bank
  • Pages : 70 (18678 words )
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  • Published : May 18, 2011
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A report On

MICRO FINANCE (ITS LIMITATIONS AN OPPORTUNITIES)

BY NISHANT BALI INTERFACE BROKERAGE AND RESEARCH LIMITED ENROLLMENT NO :( 08BS0000711)

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A report On

MICRO FINANCE (ITS LIMITATIONS AN OPPORTUNITIES)

COMPANY GUIDE: NAME: MR. HIMAL PARIKH (DIRECTOR) INTERFACE BROKERAGE AND RESEARCH LTD

FACULTY GUIDE: NAME: MR. SUNIL ARORA (FACULTY OF FINANCE) ICFAI BUSINESS SCHOOL, AHMEDABAD

NISHANT BALI ICFAI BUSINESS SCHOOL, AHMEDABAD ENROLLMENT NO.: 08BS0000711 Email ID: nishantbali86@yahoo.co.in CONTACT NO. 9898399031.

The report is submitted as partial fulfillment of the Requirement of MBA Program of IBS

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Acknowledgements

“No good work flows without the help from Faculty Members Industrial Professionals, Colleagues, Organization and Friends”

First of all I would like to thank Mr. Himal Parikh (M.D. , Director, Interface Brokerage and Research Ltd.) for providing me an opportunity to work in their team as summer trainee. I would also like to thank Mr. Hitesh Patel, Mr. Darshan Panchal and Ms. Jamini; employees of the company working in research department for their invaluable guidance, Cooperation and encouragement which helped me lot in my Summer Training. I am also thankful to my faculty in-charge Pof. Sunil Arora for his guidance and valuable input and advice during my project. I am also thankful to Mr. Sanjiv Rohilla (Asst. General Manager) NABARD, Mr. Arvind Parmar (Operation Manager) SAKHI, and Mr. Mukesh Gandhi (Director) Mass Financing, for their invaluable guidance and helped me in understanding my topic in depth. At the last, I would like to thank each individual who some or other way helped me to complete my project.

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 ABSTRACT of the Project:

Micro-Finance refers to ―small savings, credit and insurance services extended to socially and economically disadvantaged segments of society, for enabling them to raise their income levels and improve living standards‖. The main aim of Micro-Finance is too provide loan to the poor people or to below poverty line, who are not able borrow from other sources and to make their living standard better.

Micro- finance‘s concept was first given by the Nobel laureate Prof. Mohammad Yunus in 1976 and started Grameen Bank in that year and from then many countries has followed Grameen Bank Model. It is not possible to cover each and every aspect of Micro Finance in this short duration of time. But I have tried to cover main and the basics of Micro Finance. Through this report any person who doesn‘t anything about Micro Finance can easily understands and makes decision on his own.

In this report I have tried to cover each and every important part related to the Micro Finance Sector i.e. Business Model of Grameen Bank, SHG‘s and how they formed, role of Micro Finance in the current economy, study about their interest rates, role of women in the economy, how the product is design, interview of NABARD executive and understand the Business Model of NABARD, and many important things related to Micro Finance.

After successfully completion of my project, I understood many areas of Micro Finance. Like how a company decides their interest rate, practically how SHGs formed, how the excess of government intervention can create disaster for the MFIs, practically felt, how a Micro loan can change the life of the individuals. Practical learning of Micro Finance industry by personal visits the institutions and prepared the business model of the same. Now I can confidently say that, with zero percentage o to 70 percentage knowledge in the field of Micro finance in just three months, it‘s like Achievement for me and I will add this moment in my Achievements lists. What I feel that, in this short period of time its difficult to understand the 100 percentage of the above mentioned subject. But at last I am satisfied with my performance.

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TABLE OF CONTENTS

ACKWOLEDGEMENT ………………………………………………………………………. 3

ABSTRACT...
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