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- Title
HSBC brings a business model of banking to the doorsteps of the poor.
- Authors
Marar, Pramod; Iyer, Balaji S.; Brahme, Unmesh
- Abstract
Tiny loans can make a huge difference, especially when coupled with financial literacy and capacity building. With a global commitment to sustainable business through financial inclusion, HSBC partners with microfinance institutions and other organizations to empower micro-entrepreneurs among India's rural poor, who in turn are changing lives, families, and entire communities. The authors provide an overview of HSBC Group's sustainability strategy, a brief history of microfinance in India, and HSBC in India's role in serving the microfinance industry. They also discuss the bank's multi-stakeholder initiatives for capacity building, which include two schools where rural women learn essential business and technical skills and financial literacy, and an environmental and social village-based initiative for water conservation and livelihood creation. © 2009 Wiley Periodicals, Inc.
- Subjects
INDIA; BUSINESS models; BANKING industry; FINANCIAL literacy; SUSTAINABLE development; SMALL business finance; RURAL poor -- Services for; HSBC Group Inc.
- Publication
Global Business & Organizational Excellence, 2009, Vol 28, Issue 2, p15
- ISSN
1932-2054
- Publication type
Article
- DOI
10.1002/joe.20247