Munich Personal RePEc Archive

Trust – An Essential Element & Pillar of Micro Finance

Sapovadia, Vrajlal (2003): Trust – An Essential Element & Pillar of Micro Finance. Published in: NICM Bulletin , Vol. 2, No. 2003 (20. June 2003)

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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.

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