Hi Jami
Greetings. Hope you are doing well. There is a lot of work happening along these lines through Self Help Groups and microfinance companies (which have made a huge come back, with more sober operations, lower loan rates etc. but that is a different subject).
The point is that rural folk in India tend to go straight to usurious moneylenders and self help groups are the only real, trusted, alternative that they have. The quality of work is patchy, the information available to them even worse. Things like gold loans , which is a truly dumb concept is heavily promoted and causes loses (read two of our articles here: http://www.moneylife.in/article/the-real-cost-of-gold-loans/47273.html and http://www.moneylife.in/article/gold-loan-companies-and-their-murky-underbellies/8233.html )
There is a lot to be done, but ideally, training of trainers may be a better idea, especially if you work with good self help groups that are truly concerned about borrowers.
best
Sucheta Dalal
Founder-Trustee
Founder-Trustee
304, 3rdFloor, Hind Service Industries Premises,
Off. Veer Savarkar Marg, Near Shivaji Park
Dadar (W), Mumbai 400028 T: 022-49205000 (Board) | Fax: 022-49205022
On 25-Oct-2016, at 11:42 pm, Jami Solli jamisolli@gmail.com [MicrofinancePractice] <MicrofinancePractice@yahoogroups.com> wrote:Greetings Group!Have you or anyone you know ever tried to assess levels of over indebtedness in any part of India?I am conducting research related a proposal to create debt counseling/mediation facilities. The idea is to start one city where a consumer advocacy organization already has a consumer redress center that handles financial and other sector disputes.We would assist consumers to develop a feasible budget and payments plan, and negotiate a new payment plan with their creditors or file bankruptcy relief where the situation warrants. A related hypothesis is that the financial sector will gain by participating as they no longer have to hire thugs to debt collect, nor do they have to sell off NPLs.Interested in your collective insight and related hypotheses.Also, does anyone know if the RBI is measuring over indebtedness levels (in some form or other) --- for ex. like South Africa does through its national credit regulator so you can see that some 50% of consumers are 'debt impaired,' which is behind by 3 or more monthly payments on a credit obligation and legally unable to borrow more.Thanks in advance! Hope all is well in your corners of the globe.Best,Jami Solli
__._,_.___
View attachments on the web Posted by: Sucheta Dalal <suchetadalal@yahoo.com>
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (6) |
Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? Now you can access all your inboxes (Gmail, Outlook, AOL and more) in one place. Never delete an email again with 1000GB of free cloud storage.
WARNING! If you hit REPLY, your message will go to the entire listserve, not just the original author!
.
__,_._,___
No comments:
Post a Comment