Despite the fact that most microfinance institutions (MFIs) were established to reduce poverty ... open by paying them for its clients’ health care. To finance this plan, the MFI charged clients a $12 ...

"Microfinance in India has come a long way since its inception in the 1970s, offering millions of women a pathway out of ...

The Congress government in Karnataka stated on Monday that microfinance companies are using rowdies to harass and threaten ...

That is, until she discovered Grameen Bank, one of the first microfinance institutions (MFIs), which set up shop in rural Bangladesh in the wake of the 1976 famine. In 1979, Grameen made Mufiya a ...

In a ripple effect, women who cannot repay a loan are subjected to public shaming by the entire community of borrowers, who are pressured hard by microfinance institutions to recover ... As part of ...

74% of these clients are women. At the Grameen Bank, the world’s largest microfinance institution, more than 90% of loan clients are women. It is true that women tend to make their payments more ...

Members of the All India Mahila Samskruthika Sanghatane (AIMSS) have urged the State government to act tough against microfinance institutions and private finance institutions that are harassing ...

Launched in April 2009 and linked to the MAXIS program, Bank Andara was created by an investor group led by Mercy Corps to form a wholesale bank that would provide a range of banking products and ...

The Karnataka government plans to introduce an ordinance to regulate microfinance recovery practices due to concerns over coercive loan recovery methods. This move has caused anxiety among lenders in ...

CM Siddaramaiah promised that the Karnataka government would take legal action against microfinance institutions that violate the Reserve Bank of India (RBI) regulations, charge excessive interest ...