The Andhra Pradesh Crisis: So What Next?

• by Graham Wright and Manoj Sharma
• Dec 18, 2010
• 1 min
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This note examines how the Indian MFIs should respond to save their industry – denial is no longer an option.

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.