Building Human Resource for Microfinance

Building Human Resources for micro-Finance sedulousness: Issues and Concerns With the recognition that financial dish up making capital available for the paltry is an essential, though non sufficient, condition for alleviating poverty, micro-finance has emerged as a growing area of education intervention across the world. As capital will tot up to to be required for whatsoever economic activity it is plausibly to remain an important area of intervention for years to come. Thus, the out ontogenesis that this sector has witnessed is likely to sustain for quite some time. As quality of services in the micro-finance industry depends on somebodyal contact, it is world resource intensive. Therefore with this rapid growth of the sector, handiness of merciful resources will play a critical usance for sustaining the growth of this industry. This note attempts to examine some of the concerns that need to be intercommunicate for meet the challenges of human resources for the sector. It looks into some of the features of the sector and the temper of the task. It looks into the attitude-skills-knowledge (ASK) obligatory for taking up the task and examines their availability.

Nature of the Micro-Finance Industry The breakthrough in micro-finance came from the recognition that financial services provide be make available to the disadvantaged people, if Banking is made lightsome for them, with simplified procedures; Attention is paid to reducing transaction represent for both the borrower and the lender; Collateral requirements are replaced with collateral-substitutes, recognising that intangible societal assets whitethorn have a higher value for a poor t han physical assets which s/he rarely has; ! The person is financed and not the project; Peers in the community are tortuous in appraisal and follow-up; Repayments are designed to break the cash-flow of the borrower and Borrower is made to pay small sums at regular legal interval than paying a large sum at any(prenominal) one point in time, either for savings or for repayment of loans....If you want to get a full essay, bless it on our website: OrderEssay.net

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