Faith-Based Microfinance in India : A Comparative Analysis of Three Cases

Faith-based model of microfinance operates on distinct principles deriving their core values from some religious faith or a tradition. The purpose of this study is to understand the functioning and standard operating procedures of the faith-based microfinance institutions, more specifically to study the influence of faith on various aspects of the institution and the roles these institutions play in the area of poverty alleviation. Three cases of Indian faith-based microfinance institutions were selected from three major religious faiths in India, namely, Hinduism, Islam and Christianity. These cases have been analysed individually and comparatively to determine their outreach, operating principles, influence of faith in their operations and their financial performance