tag:blogger.com,1999:blog-7182576430045656062.post5705430191504149032..comments2024-02-25T13:47:07.003+05:30Comments on Candid Unheard Voice of Indian Microfinance: Reasons For Use of Agents in Indian Micro-Finance: Three Major Explanations From The Field…Ramesh S Arunachalamhttp://www.blogger.com/profile/09264606020720529040noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7182576430045656062.post-64260944080722471092011-04-19T16:17:38.898+05:302011-04-19T16:17:38.898+05:30Dear Ramesh
Your well reasoned argument explainin...Dear Ramesh<br /><br />Your well reasoned argument explaining how the three-fold factors,worked and have led to the phenomenal growth of the agent system (which has gained the status of a class of vilains that has caused incalculable damage to the microfinance sector) is very appropriate in diagnosing the present crisis.<br />If one extends this argument a little further we would realise that any finacial sub-sector like microfinance, embarking upon a similar growth path and choice of strategy as adopted by the agent- based MFIs would have to face similar fate.The latest fad for "Inclusive Financial System" seems to be based on a similar argument.This is a soft option for the banking system and is recommended as a quick-fix solution to the basic issue of providing worthwhile banking and minimum financiqal services to almost 50% of the population who remain uncovered by the financial system till date since nationalisation of Banks in 1969.<br />It is high time the stakeholders realise that all their efforts to connect this uncovered segment through the intermediation of the BCs(a very hallowed and glorified name for Agents) and achieve the targets in a record time will be a mere paper success(remember the days of Priority sector,DRI Loans etc) which will be an eyewash and very short lived achievemnet that cannot be sustained in the long run without intensive and ongoing client engagement,a key factor for any viable business model<br /><br />Regards<br /><br />Baladeb Sen<br /><br />Senior ConsultantMr Baladeb Sennoreply@blogger.comtag:blogger.com,1999:blog-7182576430045656062.post-70246760778341014202011-04-19T16:12:46.134+05:302011-04-19T16:12:46.134+05:30Dear Anonymous Friends
Thanks for your comments ...Dear Anonymous Friends<br /><br /><br />Thanks for your comments but we would like you to list these comments with your real name. <br /><br />Thanks<br /><br />Warm Regards<br />RameshRamesh S Arunachalamhttps://www.blogger.com/profile/09264606020720529040noreply@blogger.comtag:blogger.com,1999:blog-7182576430045656062.post-59621235847063624172011-04-19T15:48:38.096+05:302011-04-19T15:48:38.096+05:30This is real truth, we have seen the same in the f...This is real truth, we have seen the same in the field where agents work similar to icici earlier operations.<br /><br />In fact some staff of mfi also joining hands with agents.<br /><br />This message will give inside value for mfi promotersAnonymousnoreply@blogger.com