admin 24 July,2015

Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services. the Important Models in this is # relationship-based banking for individual entrepreneurs and small businesses and # group-based models, where several entrepreneurs come together to apply for loans and other services as a group … Now Impact of Microfinance While all microfinance institutions aim at increasing incomes and employment, in developing countries the empowerment of women, improved nutrition and improved education of the borrower’s children are frequently aims of microfinance institutions. In the US and Canada, aims of microfinance include the graduation of recipients from welfare programs and an improvement in their credit rating. In the US

If you give a man a fish, you feed him for a day…but if you teach a man to Catch a fish, you give him food for lifetime .”  Poor in a country like India, already know how to fish, what they need is a little capital to buy a boat and a net. This inspiration is behind the emergence of a revolutionary financial model called Microfinance, which is meant to provide microcredit to poor in the form of loans and insurance in order to provide them an opportunity to earn their own livelihood, in view of their inability to seek formal financial assistance from the established financial institutions like banks. Success of this microcredit model not only led to flourishing of many Microfinance Institutions (MFI) and its different models, but also the entry and active participation of many banks to capitalize on the profit potential at the bottom of the pyramid. The competition cum collaboration between the social investor and commercial investor has clearly created plethora of opportunities in terms of jobs both for graduates as well professionals.

Microfinance institutions are transitioning from their status as non-governmental organizations to regulated financial institutions in order to make their business model more sustainable. The talent and succession issue is important. These institutions offer new services and they have to increase the level of professionalism in their organizations. Some prominent names in the sector are Bandhan (, SKS Microfinance (, Equitas (, Ujjivan Financial Services (, Arth Microfinance (

Loan/Credit Officer:

The job of Loan/Credit officer is to verify and process loan applications and recommend these for approval to branch manager; Disburse loan

and verify end-utilization of loan; Attend client group meetings, collect, and record loan recoveries, ensure proper and timely recovery of loans, follow-up of overdues to ensure regularization, to look after account and entry through branch software and to handle banking transactions.

The qualification for this post is graduate or Higher Secondary; (Age 18 to 30 years); Fluency in local language is required. The candidate should be a team player, willing to work for the poor and for society; The candidate must know basic computer skills; should have Confidence, communication skills, persuasiveness, and should be assertive.

Branch Manager  :

The job of branch manager is to oversee all field operation activities in a Unit including recruitment of personnel, setting up of the branches, making and implementing short term plans, meeting the business plan targets, resolving issues at the field, running the branch with strict discipline and in an effective manner The candidate should have Graduate/ Postgraduate Degree in Social Science/Management. preferable qualification Specific experience of working in MFI ( at least 4 years preferable) The candidate should have Ability to lead a team. He should be energetic, enthusiastic and sales-driven.

Area Manager  :

The Area Manager is responsible for all the branch operations within his areas. He would have at least 8 to 10 branches within his area with Branch Managers reporting to him. He/she is responsible to ensure overall branch performance and profitability and reports to the Regional Manager. The candidate should possess graduate/ Postgraduate Degree in Social Science/Management preferableSpecific experience of working in MFI is required (at least 6 years experience is preferable).

Regional Manager:

The Regional Branch Manager is responsible for all branch operations within his region. He would have at least 20 to 30 branches within his region with Area Managers / Branch Managers reporting to him. He should have postgraduate Degree in Social Science/Management preferable qualification is MBA. The incumbent should possess experience of working in MFI ( at least 8-10 years preferable ) and ability to lead a large team. A career in Microfinance sector ensures the psychological satisfaction of serving the poor strata of society by making them economically independent.

Moreover, it also promises the financial support and growth to you as a professional, thereby proving itself as a good career option.  (The author is Assistant Professor, JIMS Jaipur)


Category: Payday loans

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