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Welcome to the Microfinance GroupThe Microfinance Group, established under the IIMB Centre for Financial Markets and Institutions, has the focus of bridging mainstream management learning and expertise to the needs of the dynamic and emergent Microfinance Sector in India. Our MissionThe Microfinance Group was established to house and develop a regional centre for microfinance for the education of managers and policymakers who are already working or have demonstrated an interest in the field of microfinance.
About the Microfinance GroupThe Microfinance Group was established in September 2004 at IIMB, in response to the gaps in academic involvement in the growing and dynamic microfinance sector in India. IIMB has strong experience in entrepreneurship development through the NS Raghavan Centre for Entrepreneurial Learning (nsrcel) and has been engaged with the private corporate sector for three decades. IIMB has developed strong links with public systems and with not-for-profits through the Centre for Public Policy. The Institute possesses enormous strengths in finance, banking and insurance. The partnership with the Microfinance Management Institute (mfmi) helped IIMB initiate the Microfinance Group that could use these strengths to contribute to societal needs. IIMB is a partner institution in the “Microfinance in MBA Programs” Project of the MFMI. The concerns of MFMI and IIMB converged on the need to build management capacity in the microfinance sector. MFMI’s main objectives are to:
Given the specific needs of the microfinance sector in India, IIMB felt that it could play a constructive role by setting up an incubator for MFI start-ups. The IIMB Microfinance Incubator will be the flagship programme of the Microfinance Group and has been funded by SIDBI for the year 2005-06. The Incubator has brought together many partners from the microfinance industry and we hope that in the years to come it would not only help MFI-start-ups but also other businesses that could facilitate the growth of microfinance, such as cash facilitation services or information technology companies specialising in microfinance operations.
PartnersThe Microfinance Group has been able to draw together a range of partners from the Microfinance Industry. Microfinance Management InstituteThe partnership with MFMI on the "Microfinance in MBA-Programs" Project brings in agencies with a global perspective and reach, and include CGAP and OSI, the founders of MFMI. The partnership also includes six other business schools from across the world. Microfinance Industry PartnersPartners from the Microfinance Industry include SIDBI, an apex financial institution and a leading on-lender and FWWB-I which has been a pioneer in supporting Community Development Financial Institutions since 1982. From the grassroots end are Myrada, an NGO and pioneer of the self-help group approach and, SKS a prominent microfinance institution. Entrepreneurship and IncubationIIMB has initiated the NS Raghavan Centre for Entrepreneurial Learning with a generous grant from Mr. Nadathur S Raghavan, formerly Joint Managing Director of Infosys Technologies Ltd. and one of the co-founders of Infosys. Located within IIMB's campus, the NSRCEL focuses on incubating high-growth enterprises.
Contact InformationFor queries on the Microfinance Incubator and partnerships with the Microfinance Group contact:
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Send mail to microfinance@iimb.ernet.in with
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