Alarmed by how borrowers were taking loans from multiple lenders, the industry association decided to cap the number of MFI lenders to a borrower to 4 and the total microfinance loans to a client ...

Microfinance Industry Network had in November introduced the new cap along with a few other guidelines around micro lending.

Microfinance sector faces rising delinquencies across lenders and loan sizes: RBI Shares of CreditAccess Grameen jumped nearly 10% in intraday trade on the NSE before closing at Rs 947 ...

The new rules also bar lending to clients that have defaulted over 60 days or have an outstanding loan of Rs 3,000 or more. The date of implementation of the fresh guardrails has been pushed as ...

The Kolkata-headquartered micro lender started working with the bottom of the pyramid borrowers in 1996-97 and was one of the earlier ones to get an NBFC license. At present, it has nearly half a ...

2025 may be the year of EVs in India, dominated by SUV launches In the last week of November, the microfinance self regulator told ... told its members to ensure that no borrower should have loans ...

Speaking about the partnership’s impact, Kadotien Soro, Country Manager of Yango in Côte d’Ivoire, underscored the importance of enabling entrepreneurs and supporting partners’ drivers to access ...

Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

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