This note examines how the Indian MFIs should respond to save their industry - denial is no longer an option. It examines how MFIs need to improve transparency of interest rates, governance and operations; as well as analysing and documenting their social performance management. It looks at the role of a credit bureau and concludes that ultimately, MFIs will have to move towards 3rd generation microfinance, probably on the mobile money platforms.
- Andhra Pradesh
- Andhra Pradesh crisis
- Governance
- Transparency
- debt collection
- Multiple Borrowing
- Loan Portfolio Audit
- priority sector lending
- Over indebtedness
- Social Performance Management
- credit bureau
- M-Banking
- India Focus Notes
Related Documents
- India Focus Note 55: The Andhra Pradesh Crisis: Three Dress Rehearsals … and then the Full Drama
- The Andhra Crisis:The Beginning Of An End Or End Of A Beginning?
- India Focus Note 58: The Andhra Pradesh Crisis: What Should The Government Do?
- India Focus Note 59: The Andhra Pradesh Crisis – Clients’ Perspective
- India Focus Note 56: The Andhra Pradesh Crisis: So What Next?
- India Focus Note 41: Microfinance - Time to Get to Back to Basics?
- India Focus Note 42: Microfinance in India - Built on Sales Targets or Loyal Clients?
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