Harsha Moily - MokshaYug Access (MYA)

While traveling in the Philippines, Global X had a chance to talk to Harsha Moily, CEO of MokshaYug Access (MYA), a microfinance institution based in Karnataka that has close to 100 employees and US$2 million in loans.

MYA goes beyond microlending. Harsha Moily's philosophy is that microfinance should always include a wide range of financial services and other offerings for the poor. His advice: "Focus on the needs of the customer!"

Which is why MYA offers goat, cow and buffalo insurance: the death of an animal can have catastrophic consequences, as a source of income disappears and farmers can't pay back their loan. MYA needs to provide risk mitigation.

Why is Harsha Moily doing what he is doing, asked Global X? His response: "I can't be a spectator to what's happening India. I need to be a player."

Watch this three-minute interview then read the Unitus case study.