This article aims at examining the Relationship between Microfinance and Economic Development in Developing Nations | The relationship between microfinance and economic development in developing nations International Journal of Management IJM Volume 9 Issue 4 July August 2018 pp. 1 9 Article ID IJM_09_04_001 Available online at http ijm JType IJM amp VType 9 amp IType 4 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication THE RELATIONSHIP BETWEEN MICROFINANCE AND ECONOMIC DEVELOPMENT IN DEVELOPING NATIONS Apurva Kumar Piyush Seth and Harsh Sethi BBA Student-Jain University-Center for Management Studies Bangalore India Prof Abhishek Venkteshwar Assistant Professor -Jain University-Center for Management Studies Bangalore India ABSTRACT Purpose Research in the field of Economy of developing nations have become a dynamic study area over the past few decades and is likely to become even more so as the importance of economic development is rapidly gaining momentum. Therefore understanding the economy of developing nations will be viewed as increasingly important. Microcredit is a great way of providing financial aid to the people who do not have any means to take loans from a traditional bank and that may have a positive impact on the economic growth. However on the other hand it is just a medium to exploit the poor by charging high interest rates and costs for providing various other services thus making them poorer. This article aims at examining the Relationship between Microfinance and Economic Development in Developing Nations Key words Microfinance microcredit financial bank loan economic. developing nations. Cite this Article Apurva Kumar Piyush Seth Harsh Sethi and Prof Abhishek Venkteshwar The Relationship between Microfinance and Economic Development in Developing Nations. International Journal of Management 9 4 2018 pp. 1 9. http IJM JType IJM amp VType 9 amp IType 4 1. INTRODUCTION Microfinance is a type of banking service that gives micro .
