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The idea of microfinance started in Bangladesh around 1976 with Muhammad Yunus and Grameen Bank (Awarded the Nobel Peace Prize for his work). Microfinance refers to financial services offered to low income individuals that are excluded from the traditional financial system (considered “un-bankable” lacking collateral, steady employment, and a verifiable Credit History). Close to 456 million Indians are poor According to the World Bank estimate, 42% of India's falls below the international poverty line of $ 1.25 a day Live in the India. Most 75% of the poor are in rural areas, although urban poverty is also a growing problem in virtually in India.
Therefore, being a part of society it becomes our social responsibility to help such group and people. Educate them about microfinance and help them to serve the purpose of uplifting standard of living of society. Motive behind Mitra Microfinance Club is to help villages by creating awareness and identify opportunity for them.
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- April 26, 2011
- Tie-up with R&D and Carrying out Market research & Community Development Projects…