Need of Micro finance

A 5000 rupee loan with 24 percent interest doesn’t change the life dramatically. But it has some impact on their life. If this loan is not available they will be taking a loan with 10 percent interest per month if one day is late they get beaten up. Here the micro-finance is their permanent friend and companion .Women can walk in to their micro- finance office finish the formality and get the loan . The women very well know how to calculate their interest and loan repayment schedule.