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Microfinance in Pakistan Policies and Practice University of Form

Microfinance in Pakistan Policies and Practice University of Form

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so one of the questions that a lot of people have had about microfinance and i guess one of the criticisms that has come up is what happens when somebody cannot pay back their loan uh and in some instances the people who default their you know house is taken from them things are taken as collateral and in some cases then they're worse off than they were before so what i wonder is how what does the grameen bank do in these cases and how do you think microcredit should uh find its best practice in this regard sure uh first thing to remember that we work with the poor people and any business forget about the poor people any business deals with risk business and risk go together so you don't think you give the money and money will come back nice and cozy it's not like that and for poor people there are more risks but their life is so uncertain one tiny little hit everything falls apart no matter how much devoted how much committed you are everything falls apart because something happened e

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