Grin Verlag
Cons of Microfinance. A Case Study of Andhra Pradesh
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- Yousuf Daas
- Grin Verlag
- Paperback
- 9783668992955
- 8.27 X 5.83 X 0.07 inches
- 0.11 pounds
- Business & Economics > Finance - General
- English
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Book Description
Research Paper (postgraduate) from the year 2018 in the subject Business economics - Investment and Finance, grade: 14, Leuven Catholic University, course: Economic Anthropology, language: English, abstract: This paper critically explores the disadvantages associated with the microfinance sector, especially among the poor in the society who hold to the perception that loans can provide their exit to poverty. The piece of writing will primarily focus on the case study of the microcredit borrowers in Andhra Pradesh, India. A brief overview of the microfinance concept will be provided in the first section. The second part will incorporate the description of the case study context in regards to the disadvantages of microfinance. The major cons that will be comprehensively examined in the paper, include the rising death cases among borrowers due to financial stress, deepening poverty, high-interest rates, in-dignifying the borrowers, and overall decline in the community cohesiveness. These cons contributed to the crisis of Andhra Pradesh which rose to become a reference point as a catastrophic financial intervention of the century. The paper concludes by suggesting a community-based approach to lending that ties the level of credit to sustainability and viability of a micro venture.
Cons of Microfinance. A Case Study of Andhra Pradesh
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