Literature review of microfinance pdf

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Microfinance, according to Otero (1999, p.8) is “the provision of financial services to low-income poor and very poor self-employed people”. This paper offers a critical survey of the microfinance literature of the past 10 banks, nonbank financial institutions, and microfinance institutions. The Study shows that an increasing volume of. Microfinance Industry Development researches have been conducted in diverse range of areas. The Research Paper is Microfinance is considered as an effective tool to deal with the problem of poverty, income inequalities and unemployment. In India, Microfinance Institutions (