: BASIX 's long march from microfinance to livelihoods Harper, Malcolm creator Iyer,Lalitha Rosser,Jane text New Delhi : Sage Publications , 2012 monographic eng

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x, 286 p. ; 22 cm. Several recent events have undermined confidence in microfinance and microfinance institutions (MFIs). These events range from the collapse of the microfinance industry in Andhra Pradesh to the Bangladesh governments dismissal of Grameen Bank President Muhammad YunusNobel Prize laureate and venerated father of microcreditto the increasing publicity about micro-loan debt bondage and debt-induced suicides of MFI clients. What do these crises signify for the future of microfinance? Are the basic principles of finance for the poor salvageable? Can the model be improved? From its inception in 1996, BASIXone of the largest microfinance institutions in Indiahas realized that focusing solely on loans will not improve the lives of its poor clients. Recognizing that the complex problems of poverty require complex solutions, it has melded financial services with livelihood development and institutional sustainability to achieve its goals, all the while maintaining impeccable ethical standards and practices of social inclusion. The BASIX experience presents a vital model for a revamped microfinance organization of the future, one that responds to clients diverse needs equitably and effectively. /Malcolm Harper; Lalitha Iyer and Jane Rosser. Social Science Rural Poor,Microfinance Economy 332 HAR 9788132110088 260727 20260727171532.0