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 ...

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

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 ...

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 ...

While microfinance institutions thrive in urban settings, they are also have the ability to change life for the better in rural areas. A successful business in a rural village could employ several ...

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 ...

The most famous microfinance institution, the Grameen Bank, grew strong in the unregulated markets of Bangladesh. Nimble and flexible, the model built by the Grameen Bank proved to be an effective ...

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 ...