Gender Equality India Project #6658

Microloans Create Opportunities for Indian Women

by Opportunity International

Project Report | Feb 19, 2013
Performance Spotlight

By Ian Haisley | Director of Online Strategy

India has the largest concentration of the poor globally, but since October 2010, microfinance investors and lenders throughout India were forced to slow lending or step out. In December 2011, the Reserve Bank amended microfinance regulations to allow some microfinance practitioners with proven fair practices, like Opportunity, to reengage in the microfinance sector. Our Dia Vikas partners like Growing Opportunity Finance (GO Finance) are positioned to return to our former level of growth and impact in India.

Now that Dia Vikas is part of the global Opportunity network, we serve families in 170 districts across 18 states in India, serving 1.34 million entrepreneurs.
Dia Vikas is leading the implementation of a new Social Performance Management system that collects information on how products and services are affecting clients in the following categories: client outreach, range of services, client protection, client satisfaction and client transformation.
Opportunity uses partnerships to ensure community-wide transformation. For example, through Dia Vikas, we are addressing water, sanitation and health issues alongside Healing Fields and Water.org.
Opportunity’s Growing Opportunity Finance has over 40,000 loan clients.

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