Honors Theses and Capstones

Date of Award

Spring 2017

Project Type

Senior Honors Thesis

College or School



Accounting and Finance

Program or Major

Business Administration

Degree Name

Bachelor of Science

First Advisor

Stephen Ciccone


In developing areas of the world with very little economic structure, many activities are not monetized. In other words, money is not used to carry out these tasks because the people in these areas do not have the expendable funds required. In order to combat this problem, micro financing has become increasingly more apparent in these areas of distress. Microfinance is an economic development strategy that allows for those in need to borrow actual money in order to start a business, go to school, or even gain access to everyday living requirements. Microfinance has made tremendous strides over the years, but still faces several obstacles including regulation, loan strategies, and loan consumption. This study will attempt to analyze the microfinance industry in India by challenging certain aspects of its use, as well as offer suggestions that could have beneficial effects upon the industry.