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The concept of Microfinance has been around for a long time, but it is only recently that it has burst on the stage as a political model with some force. Ever since the establishment of the first Grameen banks, Microfinance institutions worldwide have gained momentum and clout, offering a range of financial products far beyond the simple act of money-lending.The provision of low-income households with permanent access to high-quality financial services has encouraged entrepreneurship and boosted grass-roots development amongst the poor of the poor, with tangible results now becoming manifest in long-term increases in income and consumption, greater financial stability and empowerment. With particular focus on the experience of India as a case study, this volume presents a concise overview of the key principles and workings of Microfinance across historical periods and geographical centres.
Dushyant Sethiya, Co – founder and Chief Executive Officer, Kartindo.com and is a currently pursuing ‘ Post Graduate Diploma in Entrepreneurship’ at the Cambridge Judge Business School, University of Cambridge, England. He is an Info-Tech Engineer from India and completed his Masters in International Business from the Leeds University Business School, University of Leeds, England.
He is an avid reader, writer, entrepreneur, and philanthropist. In the past, he has been honored by Asia Level Research Organization ‘NatNager Research Organization’ for his work in the area of Microfinance. Moreover, he is actively involved with NGO’s to promote sports and health activities among children in India.