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Climate change mitigation, Climate-resilient agriculture, Energy poverty alleviation, Financial resilience, Renewable energy projects, Savings accounts, Small loans, Vulnerable communities, Weather-indexed insurance

Role of Microfinance in managing climate change risks for the poor

In the face of climate change, microfinance emerges as a powerful tool to mitigate its impacts on the livelihoods of the poor. By providing financial services to those traditionally excluded from form...

Accountability in data handling, Budgeting for compliance expenses, Capacity building for staff, Client education on data usage, Competitive advantage in microfinance, Compliance audits, Cost implications of compliance, Culture of privacy and protection, Cybersecurity measures, Data accuracy training, Data minimization principles, Data protection consent, Data protection officers, Governance protocols for data, India Digital Personal Data Protection Act, Microfinance institutions compliance, Technology upgrades for data security, Trust-building in microfinance sector

Implications of the Digital Personal Data Protection Act for the MFIs

The enactment of India's Digital Personal Data Protection Act has significant implications for microfinance institutions (MFIs) that handle a plethora of client data. Compliance is not just a lega...

Microfinance frauds, Individual staff scams, Top-level collusion, Stakeholder impact, Industry reputation, Fraud detection, Microfinance industry, Financial fraud, Auditing methodologies, Client verification

Anatomy of Microfinance Frauds and Auditors’ bias - Frauds and the standard MO

Frauds are an area of concern for the MFIs and also for the microfinance industry. Depending on the scale of the fraud, it impacts various stakeholders. Most frauds are perpetrated either by an indivi...