Chennai: As NBFC-MFIs turned cautious of asset quality, micro loan disbursements declined 16 per cent in terms of value and 27 per cent in volume terms in Q2 FY25. Against the Q4 FY24, when Rs 40,440 crore was disbursed through 88 lakh accounts, Q2 disbursements were down by 39 per cent. As a result, assets under management of NBFC-MFIs were …
Mumbai: Microfinance Institutions Network, the self-regulatory organization for the sector, expects the current bad loan stress that microlenders face to stabilize by January next year with new rules in place. The sector’s self-regulatory organization made key changes including reducing the number of lenders to a borrower to 3 from 4 earlier, and capping the maximum indebtedness of a borrower at …
For a few years now, each time Sunita Uike takes a loan, she promises herself it will be the last one. In Vidarbha, the epicentre of India’s agrarian crisis with thousands of farmers dying by suicide over the last two decades, changing weather patterns and easy access to microfinance loans are creating a new crisis: pushing women farmers into an …
