Moving to Wordpress

To ease complications in following my writings, I centralized all my blogs - SocietyForward, ScorpioSaga and Harisays... at one place - Harisays... 

Do continue to be my patron and visit my Blog. 

Going forward, if you are providing a link to my writing, do point it to the new blog/my HomePage.

Microplace

Microfinance is a very popular term and it has become a very lucrative business for many organizations. However, there is a lot of difference between banking institutions having a microfinancing arm and an NGO working towards providing micro loans to people below the poverty line. There have been innumerable discussions on this topic and the whole practice depends on how it is utilized.
On one hand, providing micro-loans to people below the poverty line in groups, provides an opportunity for them to build up their livelihood instead of depending on bank loans (which for various reasons are more tough to get) and on the other side, there have been questions and debates on the interest rates which are being charged.
I am working on a white paper based on my understanding and will publish this soon.
Many major organizations are venturing into this business and e-Bay has recently launched their microfinance arm - MicroPlace. MicroPlace is an organization which has tie-up's with other NGO's who work at the grass root level to provide loans. Users can invest in MicroPlace and then the money is provided to organizations for the kind of investment the user chooses. The user has access to all profiles / organizations which are listed on the site and looking for any kind of investment and decide as to where his/her money goes. The most lucrative aspect of microfinancing is that the repayment rate is close to or more than 98% most of the time.

New Year Wishes

Opportunity is missed by most people.

Because it is dressed in overalls and looks like hard work.

Do you know what opportunity looks like?

Real opportunity most often looks like a lot of long, hard work.

Do you know where to look for opportunity?

You are most likely to find it in the problems, the frustrations and the challenges about which the most people complain in the most, loudly.

Do you know what to do with opportunity when you find it?

The best thing you can do is to take full responsibility for transforming it into something of real and lasting value.

How do you do that?

With an unshakable commitment, a positive attitude, the willingness to make whatever effort is necessary, and the persistence to continue until is done.

Do you understand what opportunity is not?

It is not a free ride, or a lucky break, or an innovation to get something for nothing.

Do you want to make the most of a great opportunity?

Then get busy and put everything you have, into making it happen, for if you do, it will.

Wishing all my readers the best of the New Year and wishing that you don’t miss any opportunities coming your way