The Microfinance Review

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Index of Microfinance Group Sustainability:Concepts, Issues and Empirical Evidence from Rural India


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1 Post Graduate Department of Management Studies and Research Center, Siddaganga Institute of Technology, B. H. Road, Tumkur - 572 103 Karnataka, India
     

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In India, for a long period of time formal banks stayed away from banking with the poor. This led to the emergence of innovative 'microfinance' models in the field of financial intermediation and created new hopes for the poor. One of the successful ways through which financial services are being provided to poor people is through Microfinance Groups or Self-Help Groups (SHGs). These groups are essentially informal, voluntary associations of people formed to attain a collective goal. Thus, SHG is defined as a voluntary group valuing personal interaction and mutual aid as a means of altering or ameliorating the problems perceived as alterable, pressing and personal by most of its participants (Smith and Pillheimer, 1983).
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  • Index of Microfinance Group Sustainability:Concepts, Issues and Empirical Evidence from Rural India

Abstract Views: 268  |  PDF Views: 0

Authors

Naveen K. Shetty
Post Graduate Department of Management Studies and Research Center, Siddaganga Institute of Technology, B. H. Road, Tumkur - 572 103 Karnataka, India

Abstract


In India, for a long period of time formal banks stayed away from banking with the poor. This led to the emergence of innovative 'microfinance' models in the field of financial intermediation and created new hopes for the poor. One of the successful ways through which financial services are being provided to poor people is through Microfinance Groups or Self-Help Groups (SHGs). These groups are essentially informal, voluntary associations of people formed to attain a collective goal. Thus, SHG is defined as a voluntary group valuing personal interaction and mutual aid as a means of altering or ameliorating the problems perceived as alterable, pressing and personal by most of its participants (Smith and Pillheimer, 1983).