The Dynamics of Microfinance- A Brief Review of Existing Literature

ICCMCT-2018 | Special Issue | September 2018 | Published Online: 29 September 2018    PDF ( 210 KB )
Author(s)
Jacob Anjali 1; M K Biju (Dr) 2

1Research Scholar, School of Management and Business Studies, M.G University, Kottayam, Kerala (India)

2Assistant Professor, School of Management and Business Studies, M.G University, Kottayam, Kerala (India)

Abstract

Microfinance is getting wider attention these days with the concept of inclusive financing, through its outreach to the rural households. More and more institutions are taking up microfinance to uplift the poor and the marginalized. It is really important to look in to several aspects of microfinance in this regard. In order to find out the efficiency of microfinance programmes in reaching out to the rural poor and analyzing the sustainability of its business operations, a conceptual review has to be made. The article therefore tries to fulfill the same. It provides a theoretical review of microfinance and it brings forth the issues such as modes of lending of microfinance, financial performance, outreach and sustainability of micro finance Institutions and also the recent trends in the microfinance sector.

Keywords
Microfinance, Financial inclusion, Micro Finance Institutions, Financial performance and outreach
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