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Many MFIs
of course do not engage in any explicit targeting of clients.
They feel that they are filling an important space in the financial
sector by providing services to those who have no access to institutional
financial sources. It is more important for such MFIs to be ensuring
quality financial services through sustainable institutions to
the excluded population as a whole rather than ensuring that specific
vulnerable groups are being brought in. Smaller loan amounts,
higher interest rates, higher transactions costs due to loan repayment
conditionalities of MFIs ensure that the better off do not seek
MFI services.
Those who are more poverty focused, however, do explicitly target to ensure that very poor people and vulnerable groups are being reached. They rely on different tools and methodologies, and have varied experiences with targeting. This
section details such experiences. This sharing of experiences, of successes, of difficulties, of problems encountered, will hopefully lead to increasing the number of very poor accessing financial services.
Also read Interviews with two professionals in the field, John de Wit, (from SEF) and David Gibbons (from CASHPOR).
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