Evaluation of Microfinance Institutions in Varanasi with Special Reference to Client Education
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| Title: | Evaluation of Microfinance Institutions in Varanasi with Special Reference to Client Education |
|---|---|
| Description: | In the last two decades, microfinance has gained growing recognition as an effective tool for improving the quality of life and the living standard of poor and low-income people. Microfinance's popularity reached a peak when the United Nations declared 2005 the ‘International Year of Microcredit'and when, one year later, the author of ‘Banker to the Poor', Muhammad Yunus, was awarded the Nobel Peace Prize. This recognition has given rise to a movement that was supposed to accomplish social and financial goals simultaneously and without any friction.However, microfinance as an industry was shaken for the first time in 2008, as a consequence of the international financial crisis, and it again suffered problems more recently. It was reported that the populist moves by politicians led to a mass default of loans, of worth more than US$1.5 billion in the southern Indian state of Andhra Pradesh, the biggest market for the microfinance institutions in India. Measures taken to ensure that the 2008 crisis and its consequences are not repeated include bringing clients'protection principles to work and building client awareness in order to make informed decisions. This book focuses on the efficacy of ‘financial education'as a tool towards attaining client protection. It also utilizes the Microfinance Clients Awareness Index to evaluate the factors that impact the level of financial awareness for microfinance clients. |
| Authors: | Vinita Kalra, Author, H. P. Mathur, Author |
| Resource Type: | eBook. |
| Subjects: | Microfinance--India |
| Categories: | BUSINESS & ECONOMICS / Development / Economic Development, BUSINESS & ECONOMICS / Finance / General |
| Database: | eBook Collection (EBSCOhost) |
| FullText | Links: – Type: ebook-pdf Text: Availability: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Evaluation of Microfinance Institutions in Varanasi with Special Reference to Client Education – Name: Abstract Label: Description Group: Ab Data: In the last two decades, microfinance has gained growing recognition as an effective tool for improving the quality of life and the living standard of poor and low-income people. Microfinance's popularity reached a peak when the United Nations declared 2005 the ‘International Year of Microcredit'and when, one year later, the author of ‘Banker to the Poor', Muhammad Yunus, was awarded the Nobel Peace Prize. This recognition has given rise to a movement that was supposed to accomplish social and financial goals simultaneously and without any friction.However, microfinance as an industry was shaken for the first time in 2008, as a consequence of the international financial crisis, and it again suffered problems more recently. It was reported that the populist moves by politicians led to a mass default of loans, of worth more than US$1.5 billion in the southern Indian state of Andhra Pradesh, the biggest market for the microfinance institutions in India. Measures taken to ensure that the 2008 crisis and its consequences are not repeated include bringing clients'protection principles to work and building client awareness in order to make informed decisions. This book focuses on the efficacy of ‘financial education'as a tool towards attaining client protection. It also utilizes the Microfinance Clients Awareness Index to evaluate the factors that impact the level of financial awareness for microfinance clients. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Vinita+Kalra%2C+Author%22">Vinita Kalra, Author</searchLink><br /><searchLink fieldCode="AR" term="%22H%2E+P%2E+Mathur%2C+Author%22">H. P. Mathur, Author</searchLink> – Name: TypePub Label: Resource Type Group: TypPub Data: eBook. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Microfinance--India%22">Microfinance--India</searchLink> – Name: SubjectBISAC Label: Categories Group: Su Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Development+%2F+Economic+Development%22">BUSINESS & ECONOMICS / Development / Economic Development</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Finance+%2F+General%22">BUSINESS & ECONOMICS / Finance / General</searchLink> |
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| RecordInfo | BibRecord: BibEntity: Classifications: – Code: 332 Scheme: ddc Type: prePub Languages: – Code: eng Text: English Subjects: – SubjectFull: Microfinance--India Type: general Titles: – TitleFull: Evaluation of Microfinance Institutions in Varanasi with Special Reference to Client Education Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Vinita Kalra, Author – PersonEntity: Name: NameFull: H. P. Mathur, Author – PersonEntity: Name: NameFull: Vinita Kalra, Author – PersonEntity: Name: NameFull: H. P. Mathur, Author IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 2018 – D: 08 M: 01 Type: profile Y: 2019 Identifiers: – Type: isbn-print Value: 9781527513044 – Type: isbn-electronic Value: 9781527523920 Titles: – TitleFull: Evaluation of Microfinance Institutions in Varanasi with Special Reference to Client Education Type: main |
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