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Microfinance

I was asking myself what is the special thing i could do in 2009 if i get an opportunity then i thought of Micro finance without any hesitation.I was doing quite bit of research on Micro finance and its institutions and one person who inspired me a lot is Vikram Akula ( chief executive of SKS Microfinance Institution ) who is among Times 100 most influential people .I have started the ground work of gathering some information about services the Micro finance institutions offer but it is very premature for me to think about large scale investment in this field.I have seen how poverty effects people and i feel people who like entrepreneurship and feel of social responsibility should enter this field.

The financing amount can be very small for about 8000Rupees(200 dollars) to some larger value of 1 lakh Rupees(2500 dollars) but main issue to think about is repayment process such as charging interest on them as most companies do because if you need to serve more people u need to have capital funds to flow in to help them.So I don't know where i will stand a year from now but hoping to make some progress in this field.