MFIs in India: Need social impact monitoring

Welcome to the first episode of the LSE Microfinance podcast, where we dissect some of the biggest financial questions and challenges in today’s society. The world is witnessing huge inequalities between the richest and the poorest, and there is increasing marginalisation of many demographics around the world. Naturally, this begs the question, what can be done about it? Microfinance is a solution that can help tackle this issue from a micro-level. It is a type of banking service provided to unemployed or low-income individuals or groups who otherwise would have no access to financial services. This week, we explore a thought piece written by Baron Li and Eldric Lem based on an article about the need for social impact monitoring for Microfinance Institutions in India. Their written piece and the link to the original article can be found on the LSE microfinance website. Link: https://www.microfinancelse.com/news/mfis-in-india%3A-need-social-impact-monitoring