Microfinance has played a major role in taking the financial services to the bottom of the pyramid in many regions of the country, especially in the southern and eastern parts of India. The Indian microfinance industry has outstanding loans worth USD 4.6 billion to 70 million borrowers. This industry has helped the poor borrowers of the country by providing them access to loans at a rate lower than being offered by the money lenders.
Crisis in the Microfinance Industry
Posted by 365businessdays under FinanceFrom http://www.blog.365businessdays.com 4935 days ago
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