BANK AUDIT UNDER

COMPUTERIZED
ENVIORNMENT

Courtesy :
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MICRO BANKING
Microfinance - a powerful poverty-fighting
tool: Microfinance helps people to escape
poverty by giving them collateral-free loans
and other financial services to support
income-generating businesses. As each loan
is repaid, the money is redistributed as loans
to others, thereby multiplying its impact

Bold thinking, new ideas and techonology

are critical if we are to win the fight against
global poverty.
MICRO BANKING…
• With more than 400 million poor people cut
off from financial services, there is a huge,
unmet need for microfinance. To reach
them, MFIs need capital beyond the
traditional philanthropic support to rapidly
expand their operations and increase
outreach. MFIs are harnessing the vast
resources of local and international capital
markets to bring new financial resources to
microfinance institution partners.
MICRO BANKING…
MFIs and other poverty and development-
focused organizations strengthen their
capacity for attracting, developing and
retaining talented staff. Like other rapidly
growing businesses, these organizations
need talented, dedicated staff at all levels—
entry, mid, and senior—to help them achieve
their mission. vision is to help organizations
align their human capital management
practices with their overall business strategy,
which will allow them to better maximize
their employees’ skills, achieve more
sustainable growth and reach more people.
MICRO BANKING…
• New ideas and innovative thinking will
drive the expansion and effectiveness
of microfinance. Knowledge sharing is
an important component of work. To
have the greatest impact on global
poverty, MIFs are committed to sharing
ideas and innovations with the wider
microfinance community.
MICRO BANKING…
India is said to be the home of one third of the
world’s poor; official estimates range from 26
to 50 percent of the more than one billion
population.

About 87 percent of the poorest households

do not have access to credit.

The demand for microcredit has been

estimated at up to $30 billion; the supply is
less than $2.2 billion combined by all involved
in the sector.
MICRO BANKING…
Due to the sheer size of the population living in
poverty, India is strategically significant in the global
efforts to alleviate poverty and to achieve the
Millennium Development Goal of halving the world’s
poverty by 2015. Microfinance has been present in
India in one form or another since the 1970s and is
now widely accepted as an effective poverty
alleviation strategy. Over the last five years, the
microfinance industry has achieved significant
growth in part due to the participation of commercial
banks. Despite this growth, the poverty situation in
India continues to be challenging.
Thank
you