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How to Save Microfinance from the Indian Government
Microfinance is on the brink of collapse in Andhra Pradesh and across India, but the market for banking to the ultra poor will not disappear. Therefore, the time is ripe for a discussion about the core competency of microfinance and what institutions will fill this void in the coming years, be they for profit or not.
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iuMAP: Milaap Bridges the Gap for Microfranchisors
Capital investment is expensive and involves risk; if the already vulnerable entrepreneur fails to sell her inventory, she’s stuck with the liability. Inspired by his work with the business development team of SKS Microfinance, Anoj Viswanathan founded Milaap, a crowd-funded, low-cost, risk-tolerant capital model focused on microfranchises.
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