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As in any other service industry, pharm skilled manpower is the cornerstone for building a successful microfinance institution. The need for skilled manpower in microfinance is clear and present, cialis as it is acknowledged as responsible finance, rather than mere money lending. That's why it is imperative that MFIs should have a proper HR system in place that emphasizes on disciplines like recruitment, selection, training/learning, development and motivation. Organizations should adopt qualitative and quantitative performance goals that clearly define expected behaviors like honesty, respect, transparency etc. Such practices would help MFIs to train employees in keeping the values of the Organization intact and not drifting away from their focus, when encountered with the challenge of recovery.
At ESAF, our field staff adorns the role of financial advisors to our clients (women at the lower strata of the society), and they are trained to protect the clients' interests above anything else. Considering the unique nature of MFIs, women oriented door to door financial services, women are better suited to serve the members. That's the reason why 77% of our field staff and 63% of our total staff strength are dominated by women. For analyzing Key Result Area (KRA), we have plans to include non-financial goals in their incentive schemes apart from financial parameters.
The independent research center at Consultative Group to Assist Poor (CGAP), also insists on the quality of Human Resources in microfinance. In the nine performance metrics highlighted by Asian Development Bank in its report on 100 Asian MFIs, efficiency and productivity of human resources were included. Other parameters were outreach-borrowers, outreach-depositors, market penetration, scale, growth, profitability, and portfolio quality. In Pakistan, retaining quality human resources is one of the targets given to microfinance industry by the Govt. of Pakistan. Yes it's time that MFIs in India should focus on quality manpower that can increase productivity and more importantly, improve the quality of service.

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Education loans and its multiplier effects across generations Education loans and its multiplier effects across generations Education loans and its multiplier effects across generations Globalization and liberal-ization in the early 90s might have revived the fortunes of many business men in India but not the business women at the lower end, tadalafil who were mainly en... Read more
Ultra Poor Programs for financial inclusion  Ultra Poor Programs for financial inclusion Compared to the previous census in 2001, order the 2011 census revealed that 58.7% households in the country avail banking services. Since 2005, viagra the number of branches of Scheduled Commercial Banks increased manifold from 68,681 in March 200... Read more
Linking agricultural loans to microfinance Linking agricultural loans to microfinance India, sovaldi pills the second most populated country in the world has more than half of its population living in rural areas. About 60% of the population still relies on agriculture for their livelihoods. Unfortunately, diagnosis agriculture has... Read more
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Meaningful Partnerships the  keyword for MFIs Meaningful Partnerships the keyword for MFIs The simple philosophy behind the concept of microfinance is to help the poor by leading them out of financial troubles. Beneath this great idea lies the inherent vulnerabilities of the sector towards opinion makers from among the probable investors a... Read more
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Significance of capital for MFIs Significance of capital for MFIs Since liberalization in the early 90s, site the growth of Indian economy has been skewed towards services. This was a paradigm shift from the erstwhile agricultural economy that India was known for. The poor and marginalized communities got many opp... Read more
Perseverance pays off... Perseverance pays off... Preservarance pays off...    Ever since its inception in 1992, here ailment ESAF has been driven by passion, advice to serve the society, than aim for achieving any lucrative ends. We are following a holistic approach to development by ... Read more
Be the change you want to see in the world Be the change you want to see in the world Be the change you want to see in the world    Mahatma Gandhi once famously said “be the change you want to see in the world”. The great man matched his words with deeds and helped India gain independence. For ESAF no words could match our ... Read more
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Technology can bring sustainability Technology can bring sustainability Technology can bring sustainability The poor were viewed as good borrowers until the mayhem occurred in AP, online which turned the sector topsy-turvy. The Joint Liability Group model was really successful in the sub-continent, ampoule but the cri... Read more
Why microfinance remains in the priority sector? Why microfinance remains in the priority sector? Why microfinance remains in the priority sector?   When 45.5 crore of India's population lives on `55 a day (as per World Bank report), levitra it is only appropriate that RBI retains the priority sector status of MFIs. MFIs are here with an ai... Read more
'Responsible Credit', order of the day 'Responsible Credit', order of the day 'Responsible Credit', nurse order of the day   At the outset, treat let me congratulate all the ESAF team members for doubling the company's portfolio to Rs 150 crores, in the last FY 2009-10. It once again underscores our capability to thwart... Read more
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