micro finance

1. Submitted to: Ms.
Sandeep Kaur
(deptt. Of Commerce)
Submitted by: Monica Bagga
M.com 3rd sem
3101

6. Micro Finance
Micro Credit Micro Savings

7. Micro credit-is a provision of credit
and other financial services and products
of very small amount to the poor in rural,
semi urban & areas for enabling them to
raise their income levels and improving
standards
Micro savings- savings made by
low income or poor people made
their savings in particular
institutions.

8. Promotes credit as
human being
To help poor people
Generate self
employment
Building social capital
Loans are repaid in small
installments
Challenge of traditional
banks

9. Types of micro savings
products
• Involuntary deposits
• Voluntary deposits
• Contractual savings
• Time deposits
Types of Micro Credit products
1) Income generation loan (IGL)
2) Mid Term loan (MTL)
3) Emergency loan
4) Individual loan

10. Low rate of interest
on loan
Not a charity
Size of loan and
savings

25. Not available the micro
services at vast level
Unawareness among
people
Infrastructural facilities
Doubts in mind of people

26. Improving proximity
Less costly services to poor
people
Improving the security
Organizational staff’s
attitude ,culture is user
friendly