The Andhra Pradesh Crisis: So What Next?Country Focus Notes Author: Graham A.N. Wright and Manoj K. Sharma
Published: December 18, 2010
This note examines how the Indian MFIs should respond to save their industry - denial is no longer an option. It examines how MFIs need to improve transparency of interest rates, governance and operations; as well as analysing and documenting their social performance management. It looks at the role of a credit bureau and concludes that ultimately, MFIs will have to move towards 3rd generation microfinance, probably on the mobile money platforms.