Indeed, as Hugh Sinclair spells out in detail, many microcredit programs are nothing more than predatory lending schemes rebranded as socially responsible investment opportunities.
Beginning from this success of the Grameen Bank, similar microcredit institutes have been established all over the world, and the provision of credit to the poor has come to be implemented much more actively.
But when high-quality studies were conducted, microcredit programs were shown to have little or no effect on income, consumption, health, or education.
From today businesses and professionals may require collateral for microcredit operations by using the appropriate online procedure available on the website the Fund.
Finally, Ms. Kazal from'Durjoy', a microcredit organization, gave a lecture on the method of establishing cooperatives, their functions, and their advantages, and much expectation was expressed for the establishment of SGRA cooperatives and shops in and after fiscal 2014.
Mathew Titus, of Sa-Dhan, an association of Indian microcredit institutions, sees the row as a“battle of ideas”- between the non-government sector and those ideologically opposed to its working with the poor.
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