Grand Project on Micro Finance

8/2/2019 Grand Project on Micro Finance

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BRIEF HISTORY

Microfinance refers to a variety offinancial services that target lowincome clients.

In 1800s, institutes were known aspeoples banks, credit unions, saving&credit co-operatives.

Between 1950 and 1970 countries likeBangladesh and Brazil started to focuson micro investment.

1972-SEWA BANK (4000 women


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GENERAL OVERVIEW

MFIs currently operate in over 100countries.sreving more than 75 millionclients.

Availability of large market,willingnessof banks of MFIs and Govt support-factors for rapid growth of MFIs.

In 2007,GRAMEEN BANK won theNOBEL PEACE PRIZE.

In India Andhra Pradesh,TamilNadu,Karnataka accountin 52% of


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WORKING OF MICROFINANCE

Microfinance supports people indeveloping economies, especially

in rural areas where daily activitiesare carried out without money.Microfinance supports Poor people

who find different ways to meet

their needs.Microfinance supports poor

households in order to grow.


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GOES BANK REGULARLY.

TO GET PRESONAL DATA LIKENAME

CONTACT

SIZE OF FAMILY.

ANNUAL INCOME.


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Sampling Method and Size

Judgmental SamplingMethod :


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LIMITATIONS

Small sample size

Lack of professionalisiom

No use of statisticalmethods

Poor people- lack ofeducation

Different opinion

Difficult to come onconclusion


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Q.1: Which is your occupation?

60%

40%

Business

Job


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Q.4: Do you know aboutMicrofinance?

43%

57%

Yes

No


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Q.6: Have you taken any loan frombank or MFI?

34%

66%

Yes

No


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Rate of interest

Rate of intrest

10, 5%

6--10, 45%

10


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Q.7: What is your reason for taking aloan?

25%

8%

25%

42%

0%

10%

20%

30%

40%

50%

Home vehical Business other(edu)

Reasion for taking loan

Home vehical Business other(edu)


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Q.8: Mention the amount of loan.

amt of loan

55%

21%

24%

10,00,000


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Q.9: For which purpose did you takeloan?

25% 25%

16%

34%

0%

5%

10%

15%

20%

25%

30%

35%

Business House Education other(vehicle)

purpose of taking loan

Business

House

Education

other(vehicle)


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Q.10: Do you find any improvementafter taking loan?

83%

17%

Yes

No


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Q.11: Is it easy to get a loan?

78%

22%

Yes No

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Q.12: Are you satisfied with yourbenefits?

87%

13%

Yes

No

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Q.13: Which is your way for repayinga loan?

63%

32%

5%

Monthly Yearly Other(half yearly,Quartly)

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Q.14: Do you want any loan for:

(1) Starting business

Starting business

52%

48%

Yes No

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(2) Expand the business:

Expand the business

55%

45%

Yes No

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Q.15: Are you benefited from anyother scheme or plan?

25%

61%

14%

Yes

No

No reply

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Q.16: Do you have any plan to getfinance from any sources?

21%

69%

10%

Yes

No

No reply

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Q-17:Plan to get finance from anyother sources?

21%

15%

64%

Bank MIF Other(Moneylender,relatives)

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Q.18: Do you visit bank regularly?

Yes

52%

No

48% Yes

No

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Q.19: Do you have any account inbank?

77%

23%

Yes no

49.50

20.50

7.50

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

1

saving

cur rent

f ixed dep os

yes than which account ?

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Q.22: Size of family.

40%

55%

5%

6

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Q.23:How many earning person infamily?

Person in a family

10%

42.5%

2%

45.5%

1 2 3 4

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Q.24:Total Income

19%

44%

37%


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vRecommendationsaboutstudy

No reliable Results

Lack of Information

Questionnaire

Seminars and groups are conducted

RECCOMENDATION

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v RECCOMENDATION ABOUT MFIS:

Its a Growing concept.

Have not concern the slum area.

Regional banks should be concerned.

Comfortability should be made to

people.

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CHALLENGES OF MICROFINANCE

Providing financial service to thepoor.

Incomplete information problem.Hidden action problem.Client profile.Staff.

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CONCLUSION

Private & govt. both play their role India is having unique picture of

micro-finance.

ANDHRA PRADESH & TAMIL NADU

consists of 52% and 59% clientsrespective.

Absence of structural education &vocational programme.

Many people have shortfall inknowledge and having difficulty in

taking loan.

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Grand Project on Micro Finance

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