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Whose Sustainability Counts?
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Whose Sustainability Counts?
Basixs Long March From Microfinance to Livelihoods

First Edition


296 pages | SAGE Publications Pvt. Ltd
Several recent events have undermined confidence in microfinance and microfinance institutions (MFIs). These events range from the collapse of the microfinance industry in Andhra Pradesh to the Bangladesh government's dismissal of Grameen Bank President Muhammad Yunus—Nobel Prize laureate and venerated father of microcredit—to the increasing publicity about micro-loan debt bondage and debt-induced suicides of MFI clients.

What do these crises signify for the future of microfinance? Are the basic principles of finance for the poor salvageable? Can the model be improved?

From its inception in 1996, BASIX—one of the largest microfinance institutions in India—has realized that focusing solely on loans will not improve the lives of its poor clients. Recognizing that the complex problems of poverty require complex solutions, it has melded financial services with livelihood development and institutional sustainability to achieve its goals, all the while maintaining impeccable ethical standards and practices of social inclusion.

The BASIX experience presents a vital model for a revamped microfinance organization of the future, one that responds to clients' diverse needs equitably and effectively.

Introduction

 
The Origins of BASIX

 
The Evolving Context From 1995 to 2010, the “Crisis” Year

 
Financial Supporters, Subsidies, and the Bottom Line

 
The Livelihood Triad

 
Sustainable Livelihood: For Clients and for BASIX

 
Institutional Architecture and BASIX’s Governance

 
Insurance

 
Information and Communication Technology Innovations In and From BASIX

 
Basix’s Offspring

 
KBSLAB: India’s Only Microfinance Bank

 
Finding People to Perform

 
Leadership With Head, Hands, and Heart

 
Building the Sector: Policy, Advocacy, and Networking

 
Doing Well Versus Doing Good

 
How BASIX Ticks, and What Makes It Tick

 
What Can We Learn From BASIX? What Does the Future Hold?

 
Bibliography

 
Index

 

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