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MASTERS IN BUSINESS ADMINISTRATION (Finance)
“Dissertation”
“Analyzing the Commercialization of Micro Financing Business in India”
Submitted to: Prof. Ann Masterson
Supervised By: Prof. Ann Masterson
Date of Submission: 23rd May 2016
Word Count: 20,772 Words
Subject code: B9RS102
Submitted by:
Tilak Pareek
10176400
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Abstract
Micro financing business is becoming a major sector in the economic development of
developing countries. The main area that the researcher has chosen is “Analyzing the
commercialization of Micro Financing in India”. In order to give the readers a more clear
knowledge of the study, the background of the study is presented, where the researcher has
described how it helps in evading poverties.
In the literature review part, the study contains the overall concept of the microfinance and
commercialization of micro financing institutions. In addition it can be assured that the
techniques that have been introduced in the research, provide results as per. Now, in order to
talk about research philosophy, it would be appropriate to say that the researcher has taken up
positivism philosophy, which helps to know the actual research process.
The researcher has presented various models of microfinance to provide the readers
knowledge over the current trend pursued by Indian microfinance institutions. Research
methodology part contains all the information about the approaches, strategies and designs
that the researcher has taken to conduct the study. Data analysis part of the study analyses the
gathered data. As the data have been gathered through the questionnaires, the questions that
were asked in the survey have been presented accordingly.
It has been found that the most of the respondents have acknowledged the commercialization
a positive step by the institution if the institutions pursue ethical practices. In the conclusion
chapter the researcher has reflected all the recommendations and an overall conclusion of the
study as per. For each of the objectives the research has given information as per tin the
objective link part of that chapter. The overall recommendation of the study is also present.
At last the limitations and the future scope of the study is given.
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Acknowledgement
I am immensely to all who have helped me to complete this study. A key role has been
played by my supervisor, Ann Masterson, who supported me continuously and helped me to
complete my research by providing all necessary articles. Thanks, to the employees who were
highly cooperative and help me to get all necessary information for my research. I also like to
thank all my friends who have helped me a lot to complete this research.
Thanking you,
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Table of Contents
Chapter 1: Introduction ............................................................................................................ 10
1.1. Introduction: ...................................................................................................................... 10
1.2. Background of the study: .................................................................................................. 12
1.3. Problem Statement: ........................................................................................................... 13
1.4. Research rationale: ............................................................................................................ 13
1.5. Research aim: .................................................................................................................... 15
1.6. Research Objectives: ......................................................................................................... 15
1.7. Research Question: ........................................................................................................... 15
1.8. Significance of the study:.................................................................................................. 16
1.9. Structure of the dissertation: ............................................................................................. 16
1.10. Summary: ........................................................................................................................ 17
Chapter 2: Literature review .................................................................................................... 19
2.1. Introduction: ...................................................................................................................... 19
2.2. Previous studies: ............................................................................................................... 19
2.3. Conceptual framework: ..................................................................................................... 21
2.4. Concept of microfinance: .................................................................................................. 21
2.5. Benefits and challenges in microfinance: ......................................................................... 22
2.6. Models of microfinance: ................................................................................................... 24
2.7. The commercialization process of micro financing institutions: ...................................... 26
2.7.1. Advantages and opportunities of commercialization of micro financing institutions: .. 28
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2.7.2. Setbacks of commercialization of micro financing institutions:.................................... 30
2.8. Present scenario of micro financing institutions in India: ................................................ 31
2.8.1. Geographical reach of micro financing in India: ........................................................... 33
2.9. Backlogs of micro financing in India: .............................................................................. 35
3: Research Methodology ........................................................................................................ 38
3.1. Introduction: ...................................................................................................................... 38
3.2. Methodology framework: ................................................................................................. 38
3.3. Research Onion: ................................................................................................................ 38
3.4. Philosophy: ....................................................................................................................... 39
3.4.1. Justification for the chosen philosophy: ........................................................................ 40
3.5. Approach: .......................................................................................................................... 41
3.5.1. Justification for the chosen approach: ............................................................................ 41
3.6. Design: .............................................................................................................................. 42
3.6.1. Justification for the chosen design: ................................................................................ 43
3.7. Data collection technique:................................................................................................. 43
3.8. Sampling process: ............................................................................................................. 44
3.9. Plan for data analysis: ....................................................................................................... 45
3.10. Ethical pursuance: ........................................................................................................... 45
3.11. Gantt Chart: ..................................................................................................................... 45
3.12. Summary: ........................................................................................................................ 47
Chapter 4: Data analysis .......................................................................................................... 48
4.1. Introduction: ...................................................................................................................... 48