In the last post I argued in favour of the indispensability of handholding and why technology can at best be a facilitator rather than being a total replacement of human intervention in the microfinance segment. This was argued in the

Microfinance as a facilitator to cut the vicious cycle of poverty and lay out a clear direction towards capacity creation for triggering a revenue stream as an instrument for development has been debated in all its nuances. Yes, it is

At the beginning of the microfinance movement, the thought of how to secure the credit was paramount. With the poor being the focus, it was quite natural that a collateral as a pledge against any loan would be hard to