hollister france India Field Of Micro Credit Troub

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The government needs some action, so that up to 67 billion dollars in the Indian microfinance market collapse. 10 at the end, India s leading rating agency to issue such a warning. Last [link widoczny dla zalogowanych] month, the All India Democratic Women s Association members and their supporters protested in front of the Reserve Bank of India, demonstrations, and [link widoczny dla zalogowanych] hundreds of thousands of micro credit borrowers to stop loan.

Although the overall size of a small loan [link widoczny dla zalogowanych] market is not great, but its meaning beyond the scale. From this, once known as the Banker to the Poor Muhammad Yunus, the microfinance model created by facing exams.

India is the world s largest microfinance [link widoczny dla zalogowanych] markets in the world, India is India s southern Andhra Pradesh, the main focus [link widoczny dla zalogowanych] on small loans, the All India about 30 of the small loans were issued in this state, the average family [link widoczny dla zalogowanych] micro credit debt was 8 times the national average. Although, to date, adverse events caused by micro credit is also only in Andhra Pradesh, but is astonishing enough.

Storm is from

Last month, the field of microfinance in India has been troubled. The lender charges the borrower for 36 of charge unreasonable interest rates, but also by members of press Dunning debt usury, killing more than 30 cases of suicide. In the pre crisis, this area known as the return of the loan rate of 99 .

To this end, the Government of Andhra Pradesh provides the lender if the harassment will be sentenced to up to 3 years imprisonment and imposed a fine of 2,000 dollars. Also, the Government also requested to suspend collection loan. Although this order was [link widoczny dla zalogowanych] subsequently overturned in court, but officials said managing small loans, take some time before the recovery in this area.

[link widoczny dla zalogowanych] It is understood that small loans Andhra Pradesh amounted to 6.7 billion U.S. dollars, accounting for microfinance in India 35 of the country.

Late last month, Indian Finance Minister Pranab Mukherjee said the government and state governments are discussing [link widoczny dla zalogowanych] how to ease the [link widoczny dla zalogowanych] situation in Andhra Pradesh region, but also urged the establishment of industry specifications, maintain interest rate stability, and prohibit the use of coercive means reminder loans.

Part of the funds microfinance institutions from commercial banks. India, represents the top 44 microfinance institutions microfinance lending institutions Alliance recently said that commercial banks give them loans have dried up, and lenders do not want to repay the loan.

This could lead to a systemic banking risk, which is the central bank do not let it go I think the reason so far. Sanjay Sinha, micro credit rating International regional manager in New Delhi said. Vijay Mahajan, president of MFIN warning, this area is facing the risk of collapse and not safe.

The view that the influx of funds led to profit driven market of small loans disorderly competition. It is understood that a village in India, there are 5 small loans to poor micro credit companies, and other institutions more than two unregistered funds, and the procedure is very convenient, just a photo ID and on the line.

Data show that from 2005 to 2009, India put the amount of micro credit companies increased from 252 million U.S. [link widoczny dla zalogowanych] dollars 2.5 billion. Only in 2009 year, the borrower has increased by 59 to 2,200 million, and borrowings also [link widoczny dla zalogowanych] increased by 56 percentage points. If coupled with government supported microcredit programs, a total of over 70 million borrowers, borrowing amounted to 7.5 billion.

India s largest microfinance institution SKS Microfinance, said to have 5.3 million borrowers, and last year s annual return rate of 19 . The micro credit loan interest rate is usually 25 100 .

Some experts fear that may appear similar to the subprime bubble, they believe that the expansion of microfinance is too large too fast, too concentrated, there are massive risk of default. New Delhi, Managing Director of MIFs international credit rating companies said that last year led to overheating of the micro credit market in Bosnia, Nicaragua, Morocco, Pakistan appears repayment crisis, forcing the closure of a number of MIFs. Micro credit to the global prosperity a lot of money into, but the system did not fully allocate these funds.
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