MFI delinquencies to increase by June: Acuite Ratings

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    New Delhi, May 10 | Delinquencies of microfinance institutions (MFI) are likely to increase by June amid the severe Covid crisis, according to Acuite Ratings & Research.

    “Acuite expects 30 day delinquencies to increase at least by 30 per cent by June 2021 even if the pandemic intensity starts to taper down from the middle of May and may more than double if there is no taper down of the pandemic intensity and the local lockdowns continue till end of Q1FY22,” said a report.

    It noted that the impact of the second wave has not only been in the large cities but also in the hinterland, sparking a crisis in healthcare infrastructure. While no national level lockdown has been contemplated yet as in last year, the virulence of the second wave has led to lockdowns at local levels in various states and the intensity of such lockdowns may increase if the case load continues to increase further.

    This has already started to impact the improving trend in collections and disbursements particularly from the second half of April 2021.

    Given the wider coverage of the virus across semi urban and rural areas in this cycle, the risks of a sharper impact on the lives and livelihoods of the micro-finance borrower is higher in the near term, it said.

    Source: IANS

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    PURPOSE FUELS YOUR PASSION: MUNISH MAYA

    PURPOSE FUELS YOUR PASSION: MUNISH MAYA

    Don’t get confused with your purpose and passion as both go well together

    Passion as well as purpose both goes hand in hand. Purpose defines the passion in life. If you are passionate about something then there will be a purpose behind it. And if you feel that you are passionate about something but you are not able to find the purpose behind it then please do self-analysis. There is surely something that you are missing out on. Munish Maya in his Instagram post took out few minutes to write about Purpose and Passion, as he feels that it is an important topic to be discussed with everyone. Mr. Maya started writing his post by making a statement, “Many people confuse passion with purpose. Others struggle to find both.”

    Self-analyzing is a very tough job and it’s completely natural to get confused. Solving this problem Munish Maya says, “Passion & purpose are distinct. Passion is the drive, the energy that makes us feel good. Like they say, ‘do what you love.” People follow their passion to live a stress-free life where they can enjoy whatever the work they are doing. It is well said, ‘Follow your passion and there will not be a single day when you will have to work.’ Whereas the most asked question in relevance to passion, ‘What is the purpose?’ is answered very well by Munish

    Maya in his same post, “Your purpose is the reason, your ‘Why’ behind what you do.” 

    Passion and purpose go hand in hand. Munish Maya says, “From over a decade, I experienced, learned, evolved & developed new passions. They have changed my life & perspective in a great way.” Passion serves the purpose of life. Munish Maya himself followed his passion when he realized that he cannot do a 9-5 profile job, and look at him now, he is the 1st Global Brand Ambassador of India. His passion leads him to define the purpose of his life. The only purpose of Munish Maya’s life is to serve people by guiding and enlightening them about their lives.

    This confusion between passion and purpose is not for the lifetime. To which Munish Maya explained by saying, “But the sweet spot is where your passion & purpose align.

    One fuels your internal drive while the other maximizes your outward impact.” When both purpose and passion start to align then you will start gaining success and positivity in life.

    Munish Maya describes it more beautifully, “And in the path of manifestation, Purpose fuels Passion. By focusing on your purpose, you align your work with your deepest drive- your passion.” If you are passionate about something in your life, then the purpose of your life is served.

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