Downloads: 100 | Views: 113
Research Paper | Management | India | Volume 9 Issue 6, June 2020
Significance of Microfinance in Emerging Economies
Dr. Babar A Khan | Saif Ali Khan
Abstract: Access to microfinance is known to lead to an increase in the income generation capacity of beneficiaries. Micro-entrepreneurship and self-employment have developed continuously during the last few decades, and they have succeeded in creating jobs in low-income countries. Microfinance is playing a vital role in economic development through entrepreneurship development in India and other developing countries like Bangladesh, Indonesia, and Vietnam etc. The success of small business in India depends upon the accessibility of working capital that is supported by small credits provided by financial institutions. These microfinance institutions face considerable challenges, especially during the start-up phase. Also these Microfinance institutions are suffering from many shortcomings that needed to be removed. As currently, the key focus seems to be on credit facilitation which could be profit-driven by developing culture of sound business. The paper provides an overview of the micro finance industry in developing countries. The objective is to summarise and highlight the key aspects of its status and future challenges.
Keywords: Microfinance, Microenterprises, Entrepreneurship, Credit facilitation
Edition: Volume 9 Issue 6, June 2020,
Pages: 728 - 731
Similar Articles with Keyword 'Microfinance'
Downloads: 104
Research Paper, Management, Kenya, Volume 5 Issue 5, May 2016
Pages: 1494 - 1499The Role of Microfinance Institutions in Empowering Women Economically: A Case Study of Umoja Women Entrepreneur Programme Nakuru Branch
Susan Wanjiku Njogu
Downloads: 110
Research Paper, Management, Kenya, Volume 3 Issue 10, October 2014
Pages: 1791 - 1799Effect of Firm Characteristics on Performance of the Microfinance Sector in Nakuru, Kenya
Zachary Muhindi Kisengo | Henry Kombo [2]