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

Rising suicides in Karnataka linked to harsh recovery tactics by microfinance institutions have brought attention to ...

The spate of suicides and migration has turned the focus on the state government’s inability to rein in microfinance institutions (MFIs), some of which have morphed into loan sharks. Chief ...

While microfinance institutions are a vital source of credit for many businesses, experts say there is still a deliberate need for financial literacy to truly empower entrepreneurs and break the cycle ...

NBFC-MFIs (non-banking finance companies–micro finance institutions) are sailing in the same boat as private sector banks and small finance banks when it comes to high employee turnover.

Next-generation financial services provider Mukuru has been awarded a Deposit-Taking Microfinance Institution licence in Zimbabwe. This important achievement enables Mukuru to expand on its mission of ...

The ordinance aims to curb unlawful and coercive loan recovery tactics by micro-finance institutions, with hefty fines and jail terms for offenders. Micro-finance firms must register and maintain ...

In a bid to protect the economically vulnerable sections and individuals, Karnataka government is proposing an ordinance that exempts borrowers from repaying loans taken from unlicenced and ...

Indian banks are grappling with rising bad loans, particularly in sectors such as microfinance, credit cards and personal loans. Analysts have attributed this to over-leveraging and an increase in ...

With small loans, savings accounts, and other financial products, microfinance institutions (MFIs) aim to bring financial stability and growth opportunities to individuals who lack access to ...