ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

What is the difference between bank and microfinance?

user-image
تم إضافة السؤال من قبل OUBAICHE ZAHIRA , Finance Manager , HYFLUX
تاريخ النشر: 2016/01/13
Md Faruk Ahmed
من قبل Md Faruk Ahmed , Officer-Finance & Admin , International Development Enterprise (iDE)

Area

Bank

Microfinance

Focus

Profitability , Market Share , All segment of customer

A sustainable credit system for economically disadvantaged people.

Customer Acquisition

Banks mostly enroll customer through branches.

MFIs have stage-wise strategy-village meetings, formal groups, training of member of groups on financial management and then providing credit-line.

Products

Banks have a basket of retail product that cover savings, credit remittance etc.

MFIs specialize in credit .The product is predominantly a graduated credit line with recovery by specific week EMI.

Procedures

Banks have universally identical procedures as well as for internal management.

MFIs have a universally identical procedure for their customer for internal management.

Customer Service Mode

Customer access branches.

MFIs access customer at the location of their inhabitation.

Source of Funds

Combination of owned and Borrowed Capital

MFIs operated on Borrowed fund

Cost of Capital

Average cost of Capital for Bank is8 percent

Average cost of capital for MFIs is %

Location of Operation

Banks have a formula to determine viability of a branch. This determines the availability of the bank in geographical location.

MFIs operate with families that do not have steady and small credit lines from banks. They do not operate on the basis of geographical location.

Nature of Institution

Financial Institution

Service Institution

Financial Goal

Profit maximization

Surplus to sustain

المزيد من الأسئلة المماثلة