Thursday, May 15, 2008

'Equitas in Latin means ‘equitable’ in English, that is, fair and transparent'

How much does it cost to deliver and collect one rupee of microfinance?

The next big players in the economy, especially at the bottom of the pyramid, could well be the microfinance organisations. Reason: They provide the last-mile financial connectivity for people, and are equipped with the granular data about the beneficiaries.
“We are looking at launching a few additional products such as educational loan (seasonal) and loan for the purchase of gold,” says Mr P. N. Vasudevan, promoter and Managing Director, Equitas Micro Finance Company India (P) Ltd, Chennai, talking recently to Business Line, during a lunch-hour interaction, about his plans on the anvil.

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