Views and reviews of microcredit thoughts and MFIs services in the world

2018 IJRSM – Volume 7 Issue 2


Rouf, Kazi Abdur*
York University, Noble International University, Canada (
Research Associate, Center for Learning, Social Economy and Work, University of Toronto


This paper is critically analyzing books, articles, and case studies of the course materials of the Harvard micro-financing six-week summer training program conducted at the Harvard University in 2005. All the attended trainees of this training program were the executives from different MFIs across the world. This training program orients the trainees to different micro-financing services, thoughts, financial strategies, and policies etc. in the world. The aim of this microfinance analytical paper is to assist readers to get an in-depth idea about microcredit different innovations, thoughts, and practices that are prevailing across the world. Although the attended trainees of the Harvard micro-financing training intensively discuss and identify MFIs problems and challenges that they are facing, very few conversations were made on how to design, develop and improve IT skills of their loan transactions, bookkeeping and monitoring devices that they are suffering from. These IT skills developments are very crucial for MFIs in order to reduce their costs and to efficiently operate their microcredit services to the poor entrepreneurs in the world and to develop their institutional sustainable capacity building.

Keywords: Bank Rakyat Indonesia (BRI); commercialization of micro-financing; citizenry skills development of micro-borrowers; deep poverty; defaulter micro-borrowers; entrepreneurial skills development



*Corresponding Author