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MFIs try a different track

MFIs try a different track
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First Published: Mon, Jun 27 2011. 12 29 AM IST
Updated: Mon, Jun 27 2011. 12 29 AM IST
A few large microfinance institutions (MFIs) are trying to cope with a funding squeeze that followed a crisis after Andhra Pradesh introduced a stringent law governing microlenders, which saw assets of some MFIs drop by at least one-fourth. Microlenders such as SKS Microfinance are planning to diversify their business and start offering gold loans. Others are focusing on fee income.
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First Published: Mon, Jun 27 2011. 12 29 AM IST