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Need Advice Microfinance in India - Canadian Business Student

Hello All,


To stay concise I will start with my questions:

 

I have been following the general trends in microfinance, however what are some things I should know about working in India, or in general? 

I hope to be able to use my tangible business expertise. Where in India do you think I will be able to make the most impact? 

 

This is my first post so I feel as if I owe an introduction. I am currently in my third year of studies at a Canadian business school. My political science background is where I developed a passion for economic development. What led me to pursue business was the desire to be involved in merging sustainability and business.

This summer I will be teaching entrepreneurs in Russia before heading to India to volunteer in the social entrepreneurship realm; hopefully in microfinance. I have yet to secure a position, however this will not deter me. It is my intention to find something when I arrive, if not prior. Any advice you can provide me will be immensely appreciated.

 

Tags: business, entrepreneur, internship, microfinance, social, student, sustainability, teaching, university, volunteer

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Hi Liza,

 

Thank you for your recommendation. I'm looking forward to hearing some of the different perspectives!


Liza Moiseeva said:

Hi Christopher, thanks for posting your question here and best of luck in your career!

If I were you, however, I would be more specific with your post title. It can be something like: "Need advice on Indian microfinance" or something like that, so that our members know exactly what you are talking about. We have a lot of members from India and as long as they see your post I am sure you will be able to get many useful recommendations. 

Hope this helps!

Hi Christopher

Thanks a lot for posting this. I am Nami from India working in micro finance. I appreciate your interest to join micro finance in India. but I agree with Liza  that you write more specific with your post title. 

 

WBW

Nami

 

Hi Nami,

 

Thank you for your input, I will keep that in mind in the future. I would love to hear more about your experience with Humana People to People, in regards to your community development programs or microfinance.

 

Regards,

 

Christopher

Nami Chand said:

Hi Christopher

Thanks a lot for posting this. I am Nami from India working in micro finance. I appreciate your interest to join micro finance in India. but I agree with Liza  that you write more specific with your post title. 

 

WBW

Nami

 

Hi Liza

I don't speak Russian unfortunately. I wish! At my site (Nizhny Tagil) we have two classes, one taught in english and one in russian through a translator. I'm planning on picking up one of those phrase books, although I've been told the students are just so eager to learn english that you don't have much of a chance to practice.

Check out my post on the Ivey LEADER project, it's the organization I'm volunteering with.



Liza Moiseeva said:
Christopher, I am wondering where are you going to be in Russia and what organizations (if any) are you going to be working/partnering with? Do you speak Russian? Because I do :)

Dear smith,

                 I am verymuch happy to welome u to India.

microfinance in Indian context is now a days just minting money.If you are coming for this purpose i won't help u.But at the same time if you want to help the poors to bring them up from obsolute poverty i will help you defenitly.Be in touch with me.

rajan babu

Hi Christopher,

I hope you realise that when you refer to India, you are refering to nearly a fifth of humanity and half the planet's poor. Yet it is the world's fourth largest economy (maybe surpassing Japan now) with the second highest growth figures. Naturally it seems exciting. However, there is a thin line between sustainable interventions for the poor and dipping into the 'fortune at the bottom of the pyramid'. Today there are all shades of players in the country and you need to choose carefully.

Best wishes,

Somnath

Hi Somnath,

 

Thanks for the reply. I do not deny that I am ignorant of many things. However, I hope that will change through continuing to be involved. 

Maybe you can recommend some of the better players in the country? I would appreciate your advice.

 

Regards,

 

Chris

Somnath Bandyopadhyay said:

Hi Christopher,

I hope you realise that when you refer to India, you are refering to nearly a fifth of humanity and half the planet's poor. Yet it is the world's fourth largest economy (maybe surpassing Japan now) with the second highest growth figures. Naturally it seems exciting. However, there is a thin line between sustainable interventions for the poor and dipping into the 'fortune at the bottom of the pyramid'. Today there are all shades of players in the country and you need to choose carefully.

Best wishes,

Somnath

Hi Christopher,

I could not answer your question, because it is neither easy nor fair for me to do so. However, I would be interested in knowing what you are doing and how you are approaching the problem. Have you made any progress?

Best wishes,

Somnath

hi Christoper

 well i am pursuing research work in Micro finance for my PhD.d program and a book here in India at University of Guauhati, we have come across many interesting facts and new avenues our focus area is also women s welfare empowerment and gender equality through micro finance . we have also found a full proof system for mf implementation and exponential growth so i would definitely share it with you shearing is  after all multiplication of knowledge both ways .for this matter i would like to know if you would like to explore new  non traveled  roads in mf?

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