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In this video series-4 on Joint Liability Group Lending Process, Kabir Kumar Microfinance Analyst, CGAP talks about Disbursement Process of Spandana, India, where the consumers are given full disclosure regarding the loan terms and conditions which is an important part of client education and transparency. He also emphasises on the role of accounting and information systems the MFIs use to control the process. In this process, the spouses of the members also attend the centre meeting and the loan terms and conditions are explained to them and the paperwork signed before handing over the cash to the member.
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JLG Loan Origination Process and Group Recognition Test Process Spandana India
In this video series-3, delving deep into Joint Liability Group Lending Process Kabir Kumar Microfinance Analyst, CGAP introduces Loan Origination Process and Group Recognition Test (GRT) Process as applied by Spandana, one of the leading MFIs of India. At this stage the field officer collects ID proof and address proof and then loan application form is filled and dully signed by the whole group. Further, the loan is granted once the group clears the GRT in the presence of branch manager. If any member misses the GRT the meeting gets re-scheduled.
JLG Loan Origination Process and Group Recognition Test Process Spandana India
In this video series-3, delving deep into Joint Liability Group Lending Process Kabir Kumar Microfinance Analyst, CGAP introduces Loan Origination Process and Group Recognition Test (GRT) Process as applied by Spandana, one of the leading MFIs of India. At this stage the field officer collects ID proof and address proof and then loan application form is filled and dully signed by the whole group. Further, the loan is granted once the group clears the GRT in the presence of branch manager. If any member misses the GRT the meeting gets re-scheduled.
JLG Lending Training Spandana India
In this video series-2, Kabir Kumar, Microfinance Analyst, CGAP, introduces Spandana’s training programme. The video shows how Spandana’s training programme not only set ground rules for all parties involved but empower clients with necessary information and financial education. In this episode, after the initial group formation, all members participate in mandatory training, where the field officer explains the vision, mission and terms and conditions of microfinance to the group. Further, the field officer also maintains the group training register. Later, the field officer visits the clients at their residence.
Creating a Tipping Point for M-Banking
The note examines why the take-up of m-banking services has often been slower than anticipated, and highlights the importance of financial education programmes. Using Malcolm Gladwell’s book “The Tipping Point: How Little Things Can Make a Big Difference,” this note describes three agents of change that create tipping points in the spread of various mobile financial services: strategic alliances/ partnerships and marketing agents; branding and building on initial uses of m-banking services; and the power of context – the customer value proposition.
SHARE Microfin Limited: Managing transformation for growth
This study describes SHARE’s journey through transformation, covering the organizational transformation and change management, growth strategies, as well as the brand management and market segmentation.