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Hinduism and Microfinance

Arvind Ashta

Burgundy School of Business - CEREN

Feb 5, 2011

Religion is a major institution impacting microfinance. Very little work has been done on Hinduism and microfinance. This work has become imperative in the wake of the triple explosion of microfinance in India: explosion in the sense of growth rates, explosion in the sense of legislative interest, explosion in the sense of indebtedness and suicides. The question is what are the local customs and what place does religion and history accord to debt and interest rates. This paper provides information on Hinduism concerning microfinance and provides one Hindu perspective to the case of SKDRDP, a Hindu NGO Microfinance NGO.

Number of Pages in PDF File: 21

Keywords: Religion, Microcredit, Loan, Interest Rate, Loan Recovery

JEL Classification: B15, G2

working papers series

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Date posted: December 19, 2010 ; Last revised: February 8, 2011

Suggested Citation

Ashta, Arvind, Hinduism and Microfinance (Feb 5, 2011). Available at SSRN: http://ssrn.com/abstract=1728384 or http://dx.doi.org/10.2139/ssrn.1728384

Contact Information

Arvind Ashta (Contact Author)
Burgundy School of Business - CEREN ( email )
29 rue Sambin
21000 Dijon
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References:  21
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