N_ Chowdhury - Innov.. - Global Microcredit Summit 2011

Why Group?Traditional financial system based on thefollowing believes:• The poor and collateral less people are nottheir customer.• The poor are risky and not credit worthy.• The small loans are expensive toadministrate, so it is not profit worthy.For those poor, group based microcredit is thebest way to give them access to finance