Dear all,
I have a thought. As per of Micro Finance Summit 2009, goes very
informative and successful. There, I have read about one of media
partner MicroFinancefocus views, used in following opinion poll: other
polls you can find in this link -
http://www.microfinancefocus.com/liveblog/?p=256<
http://www.microfinancefocus.com/liveblog/?p=256>
Key Findings:-
* 57 % of respondents are not confident on Indian MFIs transparency
level.
* 87 % respondent supported a uniform Microfinance
regulation.
* 67 % respondent said commercialization causing mission shift.
* 61 % respondent said no to interest cap but a significant 39 %
said Yes
* It`s time MFIs expand into Livelihoods services, as 83 % strongly
believe in it.
Poll 1, Result :
Are Indian Microfinance Institutions (MFIs) honest enough to promote
transparency?
Respondent%Yes5724No13457Can`t Say4419Total235100 [Poll 1 : Result in %
age]
Poll 1 : Result in % age
In this poll, you can see yellow marked line says most of the people
strongly believe that MFIs should start to look for LIVELIHOOD services
now. Regarding this point, i have an idea/thought that if MFIs and an
EDUCATION based NGOs come with a partnership model or a joint efforts
towards developing successful system for livelihood development then, I
think we will have a good example of sustainable development. By this
way, we will be able to fulfill following points for poor people:
- To work on livelihood businesses and its accountability &
sustainability with proper knowledge and idea.- If they are educated
then they can think more options to earn money from business.- It will
give a freedom to them (Freedom means, an independent, self motivated,
self sustain etc.),- To increase their ability to understand/analyise on
taking next loan (how they can repay?), not just getting loan paying
back, there should be a kind of positive impact.- To literate parents,
will be very fruitful on future of their children.
Many more points can come out. I can suggest this way to understand the
development and future of microfinance.
I request you all experts, please give your views and ideas (favor and
against).
Hope to look forward a good discussion.
Thanks
Perwinder Singh
Project Manager
IFMR
Ahmedabad
Skype:perwinder.singh
Email:
perwinder.singh@... <mailto:
perwinder.singh@...>
Mobile:+91-9586433417
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