<Li> Terms and conditions offered to poor people are decided by NGOs </Li> <Li> Microfinance is different from Microcredit - under the latter, small loans are given to the borrower but under microfinance alongside many other financial services including savings accounts and insurance . Therefore, microfinance has a wider concept than microcredit . </Li> <P> In June 2014, CRISIL released its latest report on the Indian Microfinance Sector titled "India's 25 Leading MFI's". This list is the most comprehensive and up to date overview of the microfinance sector in India and the different microfinance institutions operating in the sub-continent . </P> <P> Many loan officers in India create emotional connection with borrowers before loan reaches maturity by mentioning details about borrowers' personal life and family and also demonstrating affection in many different ways as a strategy to generate pressure during recovery . </P>

What problem have been experienced with micro-finance in south africa