MFIs try a different track
MFIs try a different track
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.
Also Read |MFIs see sharp erosion in loans, net worth
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