Posts

MFI Model – Why it is better? By Mr L Jerauld and Mr P Inbaraj from Tamil Nadu The Women SHG Members face many problems in the smooth functioning of their groups are often found to be struggling in many ways to just open a Bank account for their SHG activities We have observed that the following problems are faced by members of women’s SHG’s : Meeting with banking officials is difficult for poor members as they have to travel to the nearest branch....

The Interview about Microfinance Software Products follows below : IMBN: What were the motivations that led to the creation of Paripoorna Software? Mr. Sriman Narayanan: “Create a revolution and then revenue” – These were the words of our chairman. Paripoorna was incorporated with a vision of creating a powerful global brand characterized by integrity with a strong focus on the Rural and Bottom of Pyramid sectors. We were very clear about making our products or services close to the Bottom of the Pyramid Sector....

Buying-selling trends received from leading online shopping portals indicate the online retail market currently stands at Rs 2,000 crore and is growing at a steady annual rate of 35 percent. India is set to become the third-largest nation of internet users in the next two years with a large chunk of youngsters eager to adopt new technologies with rapidly changing lifestyles. “A booming economy and rising disposable incomes have contributed to the evolution of online shopping,” said Mr....

The rationale offered for this direction was simple. In the opinion of GOI, the present practice of giving term loans has a cost to the bank because of the high number of transactions and documentation required for it. It also takes away a lot of precious time for the staff of the branch. Similarly, it also costs time and inconvenience to the group members as they have to come repeatedly to the branch for documentation and also save to keep separate accounts for repaying each loan....

Easy Earnings In Online Tuition An on-demand online tutor can expect to be paid between Rs 300 to Rs 1000 per hour of online tutoring depending on the difficulty of the subject matter. Some Indian teachers are earning upwards of Rs 60,000 per month by teaching just five hours every day to K-12 students. This is a unique opportunity and is highly beneficial to both fresh and experienced teachers. Experienced teachers who are highly qualified and come from the top institutes like IIT and IIM can expect to earn more than government educated teachers....

The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been associated with the Indian Microfinance Sector for more than a decade and its ratings and reports about MFI’s and the sector are highly valued by microfinance practitioners, analysts, and the general public. As of June 2014, CRISIL has ratings or gradings outstanding on more than 60 Indian MFI’s which account for more than 70% of the loans outstanding in the Indian Microfinance Sector....

Upstox is one of the leading low-cost broking firms that offer trading opportunities at unbeatable prices. It is backed by group investors, which include Kalaari Capital, GVK Davix, and Ratan Tata. It provides an extremely secure and reliable trading platform for both experienced as well as new traders. Presently, Upstox deals in several exchanges, which include BSE, NSE MCX, and MCX-SX and trading segments like commodities, equities, futures, options, and currencies....

The microfinance sector is set to move into the next level by creating a self-regulatory mechanism to check unethical business practices. The interest rates charged by microfinance institutions (MFIs), however, are likely to remain at an average of about 26% due to the non-availability of cheaper funds and various other reasons, Vijay Mahajan, president of the Microfinance Institutions Network and chairman of Basix, tells K V Ramana. Excerpts: The microfinance sector has been facing several allegations over ill-treating borrowers or charging high interest on loans....

There are two types of home equity loans: closed-end credit and open-end credit With an open-end home equity line of credit, you can borrow up to a pre-determined credit limit on a revolving charge account. With a closed-end home equity line of credit, you borrow a fixed amount for a set period of time. A closed-end home equity line of credit is the same as a second mortgage on a home....

Education plays a crucial role in our lives today, and you secure a job based on your educational qualifications. Not only a job, but proper education can open doors to unlimited opportunities in today’s fast pace world. Now, not only you but the colleges and financial institutions also realize how important it is for an individual to get educated. It is also true that education fees are crossing heights; therefore, banks have come up with education loans to help students secure education....

KYC is the process of verifying the identities of people who use a specific service, and in various countries, it comprises giving some identification documents. Don’t worry; if you are looking for a crypto exchange without KYC, then there are numerous options for you. These exchanges are also reliable and secure; the only difference is that they do not require their users to update KYC. 20 Best Crypto Exchanges without KYC Verification Here is the list of Non-KYC Crypto Exchanges you can use to do your crypto transactions....

What is an Influencer Marketplace, and What Does It Offer? Influencer platforms are the marketplaces helping marketers match their business needs by finding people working in their niche. All you need to do is sign up and post a brief describing the services you are looking to avail of and wait until an influencer responds. Primarily, it is a bridge that connects marketers with influencers in similar industries or social channels....

There are a lot of people in today’s time that plan to make extra money but are not aware of how? Here is the answer for each one of you who wants to make money easily and just by sitting at home. Fiverr, is the website that can help you earn more money than you have ever dreamed of. Fiverr is one of the best marketplaces to generate extra revenue and start your side project while things get rolling on your big idea....

One of the difficult things is to search for the best part-time jobs from your busy work schedule. You have to keep in mind numerous factors while searching for a job, such as flexibility, reliability, legitimacy, wages, experience required, certification, online or offline job, involvement, and much more. When you look for a job, always ensure that it should have at least three things that are high hourly wages, flexibility, and opportunities to grow....

Executive Summary A leading analyst group predicts that “India will climb to be one of the world’s top five generators of non-cash payments by 2017.” In the emerging BRIC (Brazil, Russia, India, and China) markets, cash remains king; but in India, the tide is turning as consumers increasingly conduct electronic payment transactions with either plastic cards or, to a lesser degree, mobile phone-based applications. This market trend is being driven by a population of more than 1....

Understand Family Health Optima Insurance Plan: An Overview The word insurance still confuses a lot of people. That is why we will first break down the meaning of Insurance and the different types of Insurance available today. It will help us understand the Family Health Optima Insurance Plan by Star Health and Allied Insurance. Let us get started. What is meant by Insurance? When we say the word insurance we mean lots of paperwork carried out to guarantee repayment of a certain sum in case of loss of shop, house, a person, goods, etc....

We have reported about the many changes taking place in financial services around the world on our blog. Robo-advisors for instance are going to be soon managing billions without any human intervention. Peer to peer lending will overtake the personal loans market some time in the next decade and banks will transform into financial supermarkets that interact through bots. You can go through our list of amazing Fintech facts collated from different reports that provide a glimpse of changes taking place in the financial world....

There is another version of Fiverr, i.e., Fiverr Pro, where you would get top-notch, and verified professionals trusted even by the world’s biggest brands. However, they have an extensive application process in which only 1% of the applicants get selected. If you are a freelancer searching for opportunities, Fiverr can be one of the best places for you, especially the Fiverr Affiliate Program. In their affiliate program, you can earn a commission on every new sale....

HDFC Debit Card EMI Eligibility Check Process Credit cards, loans or any other borrowing brings with it a high rate of interest and a few other stipulations, but with an EMI you know beforehand the sum that you will be paying back each month for a fixed term, till you wipe out all the scheduled payments. Let us continue to learn more about EMI before moving to its eligibility check....

Ultimately, the amount of money you consider to be someone ‘rich’ depends upon the amount of your six-figure salary. But how much is a 6-figure salary in real-world terms? Generally speaking, a six-figure salary is anything above $100,000. So if you are making over $100,000 per year, and below $1 million, you can consider yourself part of the six-figure club. What is a 6-figure salary? A six-figure salary is typically considered to be a high income....