Micro Track
India’s Micro Industry To Share Data
India’s top micro-finance institutions said Tuesday they will be joining credit bureaus to ensure the world’s poorest borrowers don’t get overburdened with too many micro loans.
India’s Microfinance Institutions Network, which represents 31 of India’s largest companies that give out small loans to poor entrepreneurs, said its members would start registering details about their borrowers with the national credit bureaus. The micro-finance institutions will provide borrowers’ names, addresses and loan details to the Credit Information Bureau (India) Ltd (CIBIL). and High Mark Credit Information Services Pvt. Ltd.
While default rates on the tiny loans for rural entrepreneurs are still below 2%, increasing competition between micro-lenders to capture customers means the micro-finance institutions, or MFIs, have to start keeping track of each borrowers’ exposure.
“The overlap between MFIs is increasing. Since there is a general attempt by everybody to grow their portfolios, there could be a negative impact,” said Vijay Mahajan, president of the Microfinance Institutions Network and chairman of Basix, one of India’s largest micro-finance institutions. “There have been some pockets where there was multiple lending which lead to over indebtedness.”
The micro-lending industry has been growing at more than 50% a year for the past three years, as mostly rural borrowers have discovered the power of using loans of usually less than $50 to expand their businesses and help ends meet.
At the same time the world’s biggest investors and banks have discovered they can reach out and try to help the poor while they earn a decent return by backing micro-financed companies with loans and investments.
In the year ended March 31, 2009, the number of micro-lender clients surged 60% from a year earlier to 22.6 million, according to a report from Access Development Services, a New Delhi-based nonprofit serving the micro-finance industry. This past year has seen a similar surge in growth, despite the global debt crises.
The number of companies that offer small loans to the poor has increased so rapidly that micro lenders were competing for the same borrowers in the same villages. In some regions borrowers were abusing the system by taking out many loans at a time. Some analysts were concerned that rural India could be headed toward a micro-debt crisis.
While it is still only a tiny number of borrowers that may be overexposed to microloans, should that borrowing behavior spread, it could threaten the micro-lending business model by boosting defaults—and damage global enthusiasm about the positive social impact of the loans.
Mr. Mahajan said that on average less than 10% of the people with microloans are borrowing from more than one micro-lender. Still, the micro-finance institutions decided to join credit bureaus to calm concerns among the many fans of micro-lending.
It will take around one year to register the more than 20 million borrowers that have loans through the members of the Microfinance Institutions Network, which represents most of the micro-finance industry in India, Mr. Mahajan said. Once all borrowers are registered, it will be easier to ensure none of them are taking on more debt than they can handle.
The Microfinance Institutions Network also announced plans to build a self-regulatory code of conduct for its members to ensure the poor aren’t being exploited or overexposed to debt.
One of the basic guidelines will be that no borrower should have loans to more than three lenders or have total loans outstanding of more than 50,000 rupees (about $1,100), Mr. Mahajan said.
He said the organization hopes to set the industry’s standards so investors, lenders and philanthropists don’t have to worry that micro-lenders are misleading the poor.
“Our intention is to become the Nasscom of the micro-finance sector,” he said, referring to the National Association of Software and Services Companies that lobbies for and regulates the information technology industry in India. “We don’t want to just take care of current issues but also take a long-term view” on how to nurture the micro-lending industry, he said.
About the Author
Home loan calculator, Personal Loans and Apply for Credit Cards
Working with a WRS Info India Pvt Ltd.
|
|
2009 Hot Wheels Track Stars Prototype H-24 Red 59/240 Micro5SP NIB 027084797596 $5.99 |
|
|
BOSS Micro BR 1GB Digital Recorder Multi Track MicroBR w/ manual 1 GB card $104.50 |
|
|
BOSS Micro BR Digital Recorder Multi Track MicroBR $95.00 |
|
|
Micro-Trains Z Micro-Track R195mm 30 Degree Curved Track 99040903 $21.99 |
|
|
Boss Micro-BR 4-Track Digital Recorder/Portable Studio +Extras $120.00 |
|
|
Micro Engineering~HO~Code 70 Nickle Silver Rail Joiners~#26-070~Railroad Track $7.00 |
|
|
Micro Engineering N #42110 Track Gauge — Code 40 $4.75 |
|
|
#11 Video DVR 808 Micro HD DV Key Chain Camera Recorder Camcorder No time+Track $29.99 |
|
|
Micro-Trains Micro-Track 32pcs total 12pcs 195mmR45° 6pcs 195mmR30° 14pcs 110mm $40.00 |
|
|
Micro-trains Z Code 55 Flex Track, 10 sections 12.5″ long with 24 rail joiners $21.50 |
|
|
PLC Lighting 1633 BK Clear Micro Track $44.71 |
|
|
MICRO Scalextric Track – 6x Terror Hawk Chicane – NEW $1.56 |
|
|
VINTAGE ORIGINAL METRO SOUND MICRO 8 TRACK PLAYER $19.99 |
|
|
A lot of micro k’nex tracks, over 30. $13.96 |
|
|
Digital Multi-Track Recorder / Micro BR BOSS $79.95 |
|
|
BOSS MICRO BR 80 MICRO-BR 80 8 TRACK DIGITAL RECORDER 2 TRACK SIMULTANEOUS 2012 $289.95 |
|
|
Vintage Micro Machines Rio Grande Train & Track by Galoob 1989 Complete Set $31.99 |
|
|
ITEM#23 MINI SPRINT MICRO MIDGET CHASSIS TECHNOLOGY SET-UP BOOK DIRT TRACK $26.95 |
|
|
Sony ICD-PX312 Digital Multi Track Recorder Micro SD card $10.00 |
|
|
MICRO SCALEXTRIC TRACK – 45º Curve (Standard) x 2 Pieces – L7554 $1.56 |
|
|
MICRO SCALEXTRIC Track G107 Powerbase $1.56 |
|
|
Micro Engineering HO #42102 Track Gauge Code 83 $4.75 |
|
|
MICRO SCALEXTRIC Track Kit No2 Power Control $1.56 |
|
|
Micro Engineering G #42122 Track Gauge pkg(4) — Plasti $3.50 |
|
|
Micro Engineering HO #75509 City Viaduct 90′ Sngl Track $21.50 |
|
|
Micro Engineering N #42108 Track Guage Code 70 $4.25 |
|
|
K’nex Knex Blue Micro-Mini Roller Coaster Track Lot of 14 Pieces $6.99 |
|
|
K’nex Knex Yellow Micro-Mini Roller Coaster Track Lot of 12 Pieces $6.99 |
|
|
MICRO BLAST RACE CAR BACK PACK WITH RACE TRACK STILL NEW IN BAGS BLUE & GRAY $8.99 |
|
|
Lot of 15 MICRO KNEX Mini Blue Renegade Coaster Track Pieces Replacement Parts $10.75 |
|
|
Boss Micro BR Portable 4-Track Digital Recorder $115.00 |
|
|
Swarovski & Gold Cross Country or Track Cleat Micro Pave Pendant Charm Necklace $45.00 |
|
|
#11 Micro Car Keychain Camera 808 HD DVR H.264 No Time&Continuous(4GB)+Track NO $29.99 |
|
|
Mini DVR 808 Car Key Chain Micro Camera #11 Real HD 720P H.264 Video+track no $32.00 |
|
|
G Scale Micro Engineering Track 15 lengths plus turnout kit and more! ONE PRICE $126.05 |
|
|
G Scale Micro Engineering Track 30 curved sections 10′ radius ONE PRICE $72.00 |
|
|
8gb micro sd Class 6 memory card TF SDHC SD ADAPTER MICROSD 8G 2x LOT Free Track $20.49 |
|
|
HO scale # 6 LH Fast Tracks Micro Engineering code 70 $29.00 |
|
|
HO scale # 6 RH Fast Tracks Micro Engineering code 70 $29.00 |
|
|
Z Scale Custom Built Layout MTL Micro-Track 3×1.5 ft Model Railroad $99.00 |
|
|
Micro Engineering HO #42104 Track Gauge — Code 55 $4.75 |
|
|
Micro Engineering HO #75512 City Viaduct 150′ Dbl Track $53.99 |
|
|
Micro Engineering HO #75522 100′ Through Girder Bridge – Single Track $22.99 |
|
|
Micro Engineering N #42109 Track Guage Code 55 $4.75 |
|
|
Micro Engineering N #80158 Mine Track – 2″ Lengths $3.25 |
|
|
Half Track Military Ground WWII Micro Machines Armor Vehicle Toy Vehicle $10.99 |
|
|
MICRO MACHINES GALOOB LINES TRAIN SET WITH TRACK $9.99 |
|
|
MICRO SCALEXTRIC TRACK – 12″ CURVE (2) #105 $7.84 |
|
|
Micro machines Bullet Train with tracks lot, RARE, 1980’s Galoob, look $24.99 |
|
|
Boss Micro BR BR-80 BR80 8-track Digital Recorder New $299.00 |
|
|
HO Scale -36 inch Micro Engin FLEX TRACK- CODE 70 WTD $6.99 |
|
|
MICRO MACHINES 2000 EUROPEAN EXCLUSIVE TRACK PACK SET # 8 BRAND NEW SEALED $11.04 |
|
|
K’Nex Micro Mini ROLLER COASTER TRACK CHAIN LINKS – 325 Pieces – 15′ of Chain $9.99 |
|
|
K’Nex Micro Mini TRACK CHAIN CLIPS Sealed Package of 36 NEW clips $6.99 |
|
|
Micro – Max Out – Japan CD J-POP – 12Tracks OBI $13.99 |
|
|
Micro Machines Galoob Train Set with tracks – HIGH-SPEED BULLET TRAIN – MINT $14.99 |
|
|
8gb micro sd Class 2 memory card TF SDHC SD ADAPTER MICROSD 8G 2x LOT Free track $19.49 |
|
|
Lite Source Mounting Brackets for ‘Micro-Track’ Black TM-6BLK $10.15 |
|
|
ROLLER COASTER Lot Misc. Items 22 Micro Tracks, 10ft. of Chain, scream box $9.99 |
|
|
Hot Wheels Stunt Track Driver 2 & Micro Racers Combo Pack Video Games 2 Discs! $18.00 |
|
|
Micro- Engineering Flex Track 10-105 Code 83 CONCRETE $30.95 |
|
|
Boss Micro BR 4-Track Recorder $15.07 |
|
|
K’NEX Micro Orange Coaster Track, Straight 203mm – Part 99138 (x1 piece) $3.99 |
|
|
K’NEX Micro Green Coaster Track, Left Curve – Part 99168 (x1 piece) $5.99 |
|
|
K’NEX Micro Green Coaster Track, Straight – Part 99141 (x1 piece) $7.99 |
|
|
MICRO MACHINES (2) TRAINS, WITH TRACK PIECES, LOT. M-23 $28.00 |
|
|
Micro-Engineering HO-SCALE Code 83 Flex Track 12-104 HO-SCALE WEATHERED $32.49 |
|
|
LEVEL 42 micro kid 12″ 2 track extended version (8155141) dutch polydor 1983 $9.41 |
|
|
LEVEL 42 micro kid 12″ 2 track extended version b/w turn it on live version (pos $9.41 |
|
|
LEVEL 42 to be with you again 12″ 3 track extended version b/w micro kid live fu $9.41 |
|
|
SHAMEN make it mine 12″ 4 track remix featuring evil ed,outer limits,micro minim $9.41 |
|
|
STAR WARS-MICRO MACHINES-PODRACING TRACK SET-MIB $31.42 |
|
|
ITEM#3 RACING FIRE SUIT DRAG RACE CIRCLE DIRT TRACK 2PIECE SPRINT CAR MINI MICRO $109.00 |
|
|
ITEM#15 SILVER RACING HELMET CIRCLE DIRT TRACK DRAG RACE MINI MICRO SPRINT KART $129.95 |
|
|
ITEM#14 RED RACING HELMET CIRCLE DIRT TRACK DRAG RACE MINI MICRO SPRINT KART $129.95 |
|
|
ITEM#16 BLUE RACING HELMET CIRCLE DIRT TRACK DRAG RACE MINI MICRO SPRINT KART $129.95 |
|
|
VINTAGE GALOOB MICRO MACHINES TRAINS TRACK RACING CAR MILITARY TANK AIRPLANE TOY $5.99 |
|
|
Original Micro Machines COMPLETE Bullet Train Set, Central Station & Track, EUC! $19.99 |
|
|
HO Scale -36 inch Micro Eng FLEX TRACK -NS CODE 70 WTD $6.95 |
|
|
O-SCALE MICRO-ENGINEERING #10-128 FLEX-TRACK CODE 148 NON WEATHERED $55.95 |
|
|
New Star Wars Episode 1 Micro Machines Arch Canyon Adventure Podracing Track Set $39.99 |
|
|
MARCH 1969 ROAD & TRACK MAGAZINE BIZZARRINI MANTA, MICRO CARS $13.50 |
|
|
VINTAGE, MICRO MACHINES TRAIN TRACKS. FREE SHIPPING. $12.00 |
|
|
VINTAGE, MICRO MACHINES TRAIN TRACKS. FREE SHIPPING. TRAINS,CARS,TRUCKS,PLAINS, $13.50 |
|
|
VINTAGE, MICRO MACHINES TRAIN TRACKS. FREE SHIPPING. TRAINS,CARS,TRUCKS,PLAINS, $6.00 |
|
|
VINTAGE, MICRO MACHINES TRAIN TRACKS. FREE SHIPPING. TRAINS,CARS,TRUCKS,PLAINS 1 $17.00 |
|
|
VINTAGE, MICRO MACHINES TRAIN TRACKS. FREE SHIPPING. TRAINS,CARS,TRUCKS,PLAINS 2 $17.00 |
|
|
VINTAGE, MICRO MACHINES TRAIN TRACKS. FREE SHIPPING. TRAINS,CARS,TRUCKS,PLAINS 3 $17.00 |
|
|
BOSS Micro BR w/ 2GB CARD ~ Digital microbr 4-track compact portable recorder $99.00 |
|
|
Z scale #5 LH Fast Tracks turnout Micro Engineering code 55 rail $28.00 |
|
|
Z scale # 5 RH Fast Tracks turnout Micro Engineering code 55 rail $28.00 |
|
|
O-SCALE MICRO-ENGINEERING FLEX-TRACK CODE 125 WEATHERED $57.95 |
|
|
Micro Scalextric G107 Power Base/Terminal Track 229mm/9″ 1:64 Scale Power and Co $19.00 |
|
|
Micro Dynamics RL3 Rev Limiter Race Rally Track Day $169.73 |
|
|
Micro Engineering HOn3 #42107 Track Gauge Code 40 $4.75 |
|
|
DIRT TRACK RACERS Micro Machines Set 1994 – SPRINTER + $18.99 |
|
|
Micro- Engineering 10-102 Flex Track HO Code 100 $30.95 |
|
|
Micro Engineering # 75523 100′ Through Girder Bridge Double Track HO Scale MIB $39.95 |
|
|
HO scale # 8 Wye Fast Tracks Micro Engineering code 83 $30.00 |
|
|
Very Compact Korg SR1 Unlimited Track Digital Recorder, Micro SD Card, Batteries $116.99 |
|
|
Crosley CR11CD Jukebox CD Player $101.99 Crosley Tabletop Jukebox With CD: Radio, CD and function with a road house full of great memories! The fabulous 50s are back with a modern update! This Crosley Diner Jukebox packs AM/FM radio and CD functions into a classic jukebox style that will make you and your buddies wax nostalgic. Details: Front-loading CD player with LED display, programmable 20-track memory and repeat play; AM/FM radio wi… |
|
|
3 each: Pur Ultimate Replacement Filter (CRF-950Z) $32.49 Sold as 3 UNITS at $12.22 per unit. (1 unit = each.) 1 filter. Fits Pur Ultimate pitcher (SKU # 6138549). Removes micro-biological cysts, cryptosporidium 99.9% giardia 99.9%. Monitor tracks filter usage. Boxed . Manufacturer number: CRF-950Z. SKU #: 6138556. Country of origin: (TBA). Distributed by Pur Drinking Water Sys…. |
|
|
Panasonic NN-H624BF 1250-Watt 1-1/5-Cubic-Foot Microwave Oven, Black $109.95 Family Size 1.2 cu. ft. Microwave Oven with 1300 Watt High Power and Inverter Turbo Defrost Black… |
|
|
Microcastle $10.18 PITCHFORK 9.2!! SURPRISE THERE’S A BONUS DISC IN HERE! Highly anticipated follow-up to 2007Õs Cryptograms album which launched the band into the stratosphere of hype. Microcastle was recorded over the course of a week at Rare Book Studios in Brooklyn, New York with Nicolas Verhes in April of ‘08. The album was recorded as a four-piece consisting of Bradford Cox, Lockett Pundt, Joshua Fauver & Mos… |
|
|
Micro Tech-Mix Live $17.98 … |
|
|
Out From Out Where $9.73 Brazilian-born beatmeister Amon Tobin unleashes another genre-imploding and totally killer album (his fourth) with Out from Out Where. Darker, harder-edged, and less jazzy than its predecessor, Supermodified, the album’s mood is actually closest to his debut. Out Where is dense and playful in its own ominous horror-soundtrack-with-beats manner, the post-jungle beats lovingly fractured and reconsti… |
|
|
GE 45600 Z-Wave Basic Handheld Remote $3.74 GE 45600 Z-Wave® Basic Handheld Remote… |
|
|
Genie Screw & Trac Drive Garage Door Opener Replacement Limit Switch 20113R $1.71 Genie Screw & Trac Drive Garage Door Opener Replacement Limit Switch 20113R… |
|
|
Bulbrite 655021 – Q20GY8/120 – 20 Watt Bi-Pin Halogen Light Bulb, G8 Base, 120 Volts $0.83 Wattage 20 Voltage 120 Base Type G8 Standard Pin to Pin Spread 8 mm Over All Length (M.O.L.) 1.77 in. Over All Diameter .53 in. Lumens (Initial) 240 Color / Hue Clear Average Life hours 2000 hrs. Cross References 20T4Q/CL-120V, JCD 120V 20W G8 Base, JCD120V-20W/G8, 20W/G8/120V, Q/G8120V020L, Q20G8120V45MM, JCDG8-130V20W, Q-20CL, Q/G8120V020, JCD20/G8, 20/G8/CL-120, PLV20-1, 120V, 66390… |
|
|
Star Wars: Clone Wars – Volume One $17.68 Make no mistake, Clone Wars is honest-to-goodness authentic Star Wars. The animated “microseries” takes place between Episode II, Attack of the Clones and Episode III, Revenge of the Sith. If the feature films cover the beginning and end of the war, Clone Wars depicts the actual battles and events that made heroes into legends. Don’t expect too much character development, as the episodes tend to b… |
