Commercial Microfinance and Social Responsibility: A Critique

Tara Nair

MPRA Paper from University Library of Munich, Germany

Abstract: Working within the logic of maximising investor returns, the strategic focus of Indian microfinance institutions seems to have shifted from serving the poor borrowers to chasing profits. The commercial transformation of MFIs has been accompanied by changes in the structure of ownership, management and nature of their stakeholder commitment. This essay discusses some of the critical inadequacies in the approaches advocated and currently practised by the commercial MFIs in order to restore the sector’s focus on poor borrowers.

Keywords: commercial microfinance; social responsibility; India (search for similar items in EconPapers)
JEL-codes: A13 G21 M14 (search for similar items in EconPapers)
Date: 2010-07-31
New Economics Papers: this item is included in nep-cwa and nep-mfd
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Citations: View citations in EconPapers (5)

Published in Economic and Political Weekly 31.XLV(2010): pp. 32-37

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