http://www.nextbillion.net/newsroom/2006/11/09/credit-will-cut-rural-poverty-in-india Comments for "Credit Will Cut Rural Poverty In India" en http://www.nextbillion.net/newsroom/2006/11/09/credit-will-cut-rural-poverty-in-india <div class="flexinode-body flexinode-4"><span class="flexinode-timestamp-13"> October 31, 2006 - 12:00, </span> <span class="flexinode-textfield-14"> Financial Times</span> <div class="flexinode-textfield-15"> Credit will cut rural poverty in India</div><br> <div class="form-item"> <label>Story Link:</label> <a href="http://www.ft.com/cms/s/ff0616b0-6884-11db-90ac-0000779e2340.html">http://www.ft.com/cms/s/ff0616b0-6884-11db-90ac-0000779e2340.html</a> </div> <div class="flexinode--41"> <strong>Teaser: </strong><br /> Microfinance in India, -currently focused on small loans for the rural poor, is growing fast enough to make an impact over the next -decade, according to a new report.<br class="clear" /></div> <div class="flexinode-textarea-6"> Microfinance in India, -currently focused on small loans for the rural poor, is growing fast enough to make an impact over the next -decade, according to a new report.<br /><br />However, the sector must focus on transparency and governance, training local partners, and developing a more diverse menu of services, says the report, released yesterday at a microfinance conference in New Delhi.<br /><br />Microfinance serves about one fifth of poor households in India and has helped to widen the reach of financial services to the population of 1.1bn, 80 per cent of whom have no access to banks, says the 2006 report on Microfinance in India, a joint initiative of the Swiss development agency, the Ford Foundation and Care, the humanitarian organisation.<br class="clear" /></div> </div> http://www.nextbillion.net/newsroom/2006/11/09/credit-will-cut-rural-poverty-in-india#comment Microfinance South Asia Thu, 09 Nov 2006 11:53:16 -0500 Rob Katz 3577 at http://www.nextbillion.net