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    Home»Microfinance

    Accounting guide for microfinance institutions

    ADITYABy ADITYAOctober 1, 2022 Microfinance
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    Microfinance institutions normally incur three types of costs while delivering financial services, viz. operating costs, risk costs, and cost of funds. Thus informs ‘Technical Guide on Accounting for Microfinance Institutions’ (www.icai.org). Operating costs are incurred by the MFIs (microfinance institutions) in delivering credit to the clients including visits to the clients, completing paperwork, disbursing loans, and collecting repayments, the publication explains. These costs include ‘the cost of minimizing risk through monitoring and follow-up of disbursed loans, exercising internal control, and undertaking an external audit of the MFIs.’

    Risk costs, which are the provisioning expenses to meet possible losses, represent non-cash operating expenses and are the cost of portfolio losses. And the third type, the cost of funds, is the cost incurred in borrowing or raising funds for on-lending to microfinance clients.

    Price                               Rs. 150

    Pages                                     265

    Year                                     2008

    You can buy it at the link below

    http://www.icai.org/post.html?post_id=3845

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    ADITYA

      Aditya is a talented content writer with a passion for crafting engaging and informative content that resonates with readers. With 10 years of experience in the industry, he has honed his writing skills to produce high-quality content across a wide range of topics.

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