Faculty of Management Studies, MRIU, organized a guest lecture on Micro Finance by Mr. Suman Saurabh, CEO and Director of Bharat Micro Credit (BMC). Mr Suman Saurabh is an alumnus of Netrahaat, has been a NTSE scholar and Amul scholar at IRMA. He has a huge experience in the finance sector where he has worked for IFMR Capital, and even has been part of Yes Bank as Vice-President. Currently he is CEO and Director of BMC. Mr Saurabh was invited to share his knowledge with the next generation of finance professionals.
He shared his experience regarding Micro Finance and how he developed financial modeling not for the rich with high net worth individuals but for people living below the poverty line whether it was using cutting edge finance for the low strata or setting up an assignment desk for ‘Yes Bank’. How the financial institution is working towards the development of small entrepreneurs who are not eligible for bank loans. He also shared how micro finance works and how different financial institutions are using their resource to build concrete platforms for micro finance sector.