Microfinance firms in India are hoping to work out repayment arrangements with borrowers and persuade the state government to relax the tough lending law it passed in December.
borrowers
Investment In Infrastructures, Necessary To Enhance Credit Impact In Alleviating Poverty
Research by the International Food Policy Research Institute (IFPRI) in a variety of rural financial systems suggests that local approaches work best and that traditional banking practices don’t work for the rural poor because there is no leeway in providing financial services to the poor that applies in every location.