N_ Chowdhury - Innov.. - Global Microcredit Summit 2011

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Objectives of the project:• Provide collateral free financial and nonfinancialsupport to the poorest of thepoor• Mitigate social and financial exclusions• Fostering inherent capability of the poorto generate new entrepreneurs• Promoting one to one human relationsamong and with the beneficiaries inorder to develop mutual trust
Exclusivity of the project• Based on mutual trust and human relation instead ofcollateral and legal instruments• Based on potential of a person instead of materialpossessions of a person• Maximization of welfare is the priority rather thanmaximization of profit• We go to the door steps of excluded poor instead oftheir coming to us• We create entrepreneur rather than look for anentrepreneur• We provide Need based social services rather thanmerely finance• Tailor-made “group mechanism” is the panacea forvalue creation and strengthening social and financialinclusion
Page 1 and 2: Microcredit for Inclusion-An Innova
Page 3: Loan Disbursement at Generalprogram
Page 7 and 8: Why Group?Traditional financial sys
Page 9 and 10: Recommendations and lessons learned

N_ Chowdhury - Innov.. - Global Microcredit Summit 2011

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