The best of intentions get thwarted ever so often, simply because the co-ordination and communication required are absent.

This is the second of three-part series of blogs titled “Mobile money”. The authors explore and explain all about mobile banking and how it can make a difference to the rural population.

"In 5 years, our village would have metal roads, hospitals and old-age homes to take care of the poor, the poor women who work for others now would become employers, giving employment opportunities to many other under-privileged people.

Recently our Rural Finance Technology team migrated our legacy core banking system to a new core banking system.

IFMR Capital recently structured, arranged and co-invested in a Rs. 1,063.8 million securitisation, backed by 105,422 microloans originated by Chennai based MFI, Equitas Micro Finance India Private Limited.

This is the first of three-part series of blogs titled "Mobile money". The authors explore and explain all about mobile banking and how it can make a difference to the rural population.

Anil SG, CEO of IFMR Rural Finance, with an image of gold in its liquid form being molded into a solid state, as the initial slide, set the tempo for the topic being talked about at a recent Spark session – both visually and insightfully.

IFMR Capital closed its eighth microloan securitisation transaction this week, an INR 370 mn multi-originator securitisation with Delhi-based MFI Satin Creditcare, Rajasthan-based Sahayata Microfinance and Tamil Nadu MFI, Asirvad.

Finance Matters - A fortnightly column by IFMR Finance Foundation in The Hindu Business Line will explore ways in which the power of finance can be unlocked for improving the wellbeing of millions of households.

“In conversation” is a new series of Q & A blogs from the IFMR Blog team where we ask questions on behalf of our readers to leading personalities in the field of financial inclusion.