A hundred million households in India still lack adequate access to finance. Most of these are villagers who have neither the documents nor assets for collateral that could allow them to access the services of formal financial institutions. The World Bank’s Scaling up Sustainable Microfinance Project was designed to support the expansion of financial services to these under-served households. Working through the Small Industries Development Bank of India (SIDBI), the Project supports six microfinance institutions (MFI) to lend to small borrowers for productive purposes. Today, these microfinance services are helping thousands of poor households expand their little enterprises or set up new ones, build assets and improve their lives. Watch this Slideshow to learn more about one such microfinance initiative by Bandhan, India’s largest MFI that is also supported by the World Bank project.
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