tag:blogger.com,1999:blog-7182576430045656062.post6547666039547193493..comments2024-02-25T13:47:07.003+05:30Comments on Candid Unheard Voice of Indian Microfinance: The Broker Agent in Indian Micro-Finance: A Frankenstein's Monster Created by MFIs?Ramesh S Arunachalamhttp://www.blogger.com/profile/09264606020720529040noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7182576430045656062.post-19671171357814462662011-01-23T22:44:21.719+05:302011-01-23T22:44:21.719+05:30Dear Ramesh,
Your article clearly tell that Br...Dear Ramesh,<br /><br /><br /> Your article clearly tell that Broker -agent system is prevailing with in MFI system<br /><br />If so, it will hit the respective Mfis, over a period these people will make more damage to sector.<br /><br />It is high time some regulatory mechanism must come in to force.<br /><br />Irespective of model and mode all must change such kind of illegal method of lending and collection as business oppurtunities.peternoreply@blogger.comtag:blogger.com,1999:blog-7182576430045656062.post-38927185580699578722011-01-23T14:34:53.130+05:302011-01-23T14:34:53.130+05:30Dear Mr Sen
Thanks for your comments...I have be...Dear Mr Sen <br /><br />Thanks for your comments...I have been talking about agents for 5 years and a lot of the crisis in AP has been caused by them and you are going to see their impact on a national scale...make no mistake...they have grown and are growing and all stakeholders need to sit down, talk and sort out pragmatically...failure to recognise this and work out pragmatic strategies will see crisis unfolding in many more places...<br /><br />Thanks again for your useful comments<br /><br />Warm Regards<br /><br />RameshRamesh S Arunachalamhttps://www.blogger.com/profile/09264606020720529040noreply@blogger.comtag:blogger.com,1999:blog-7182576430045656062.post-53321481757084296692011-01-23T14:06:21.142+05:302011-01-23T14:06:21.142+05:30This ugly phenomenon of the corporatised MFIs enga...This ugly phenomenon of the corporatised MFIs engaging the"Ring Leaders" for achieving the fast track growth aiming at,at best,some fragile viability of the short run,has its origin in the early years of this decade.THe concerned NBFC-MFIs literally started assuming the role of the undisputed champions of the INdian microfinance scenario overshadowing,rather eclipsing the other half of MFI practitioners ,namely the developmentalists struggling hard to uphold the holistic approach of Nabard's SHG-Bank linkage program.<br />Incidentally,Arunachalam's anxiety for the damage caused/likely to cause by this band of microfinance ring leaders is perhaps,little over-stated .For me such blind race to reach scale and improved profitability with total disregard for the criticality of KYC.has landed them in their present crisis.Let the market forces correct the situation and there is no need shed tears for such reckless MFIs.The business of lending and its soundness cannot ignore the identity of its borrowers.<br /><br />Regards <br /><br />Baladeb Sen<br /><br />Consultant(Microfinance)<br />Mumbai<br /><br />(0)9820731938Unknownhttps://www.blogger.com/profile/13401771773776722453noreply@blogger.com