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Trust – An Essential Element & Pillar of Micro Finance

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  • Sapovadia, Vrajlal

Abstract

All business runs and flourish on trust amongst key players. Trust is essential and important for any business, but for micro finance, the trust is critical. Micro entrepreneurs are less privileged and hence creditors should look not only from eye of lender but tutelage. The building confidence in the entrepreneur help business. This paper discusses the way how trust is important and ways to enhance the trust.

Suggested Citation

  • Sapovadia, Vrajlal, 2003. "Trust – An Essential Element & Pillar of Micro Finance," MPRA Paper 55604, University Library of Munich, Germany, revised 29 Apr 2014.
    • Handle: RePEc:pra:mprapa:55604
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    File URL: https://mpra.ub.uni-muenchen.de/55604/1/MPRA_paper_55604.pdf
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    References listed on IDEAS

    as
    1. Sriram M S, 2002. "Information Asymmetry and Trust: A Framework for Studying Micro-Finance in India," IIMA Working Papers WP2002-09-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
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    More about this item

    Keywords

    Micro Finance; Trust; Pillars of success;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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