with the outstanding gross microfinance loan portfolio shrinking to Rs 3.93 lakh crore at the end of November 2024. This marks a decline from the peak of Rs 4.43 lakh crore recorded in March 2024.

Residents of a few localities in Ranebennur of Haveri district have said that employees of microfinance companies are harassing them seeking repayment of loans availed of by them. The residents ...

Its app, which facilitates affordable calls, online top-ups, and bill payments, will now offer access to Pharos Microfinance’s cash loans. These loans will be disbursed to mobile wallets after a ...

This has led to reduction in the share of unsecured loans in their overall pie. “Considering the stress seen in the microfinance sector, a larger share of incremental business shall come from ...

MFI borrowers with a retail overlap are either delinquent on their MFI or retail loans, or both, noted Goldman Sachs.

The quarterly average ticket size of Micro Finance Institutions (MFIs) loan disbursal rose 43 per cent from Rs 35 thousand to Rs 50 thousand between September 2021 to 2024, as per the Financial ...

The microfinance industry came in the news a couple of months back because of rising concern over lenders charging higher ...

The growing issue of inflation failed fiscal policies, and limited opportunities in the present-day global landscape have crippled the lives of many in developing countries such as Pakistan.

The quarterly average ticket size of MFIs loan disbursals rose 43 per cent between September 2021 and 2024 to Rs 50 thousand.

In fact, the central bank in late-October 2024, banned Asirvad Micro Finance (subsidiary of Manappuram Finance) and Arohan Financial Services from disbursing fresh loans after it found the spreads ...

The report also highlighted a significant increase in the quarterly average ticket size of microfinance loans disbursed, which rose by 43% to Rs 50,430 in Q2FY25 from Rs 35,299 in Q2FY22.

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 ...