India Microcredit Faces Collapse From Defaults

 Print
 
Nov 2010
NewsWatch:
more Are you interested to receive weekly mailings to our microfinance news selection ? Subscribe for our weekly NewsWatch service
- Subscribe to the Symbiotics RSS industry news feed -

Archives:
Madoor, India, November, 17 2010 - India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor. The crisis has been building for weeks, but has now reached a critical stage.

Full story available on publisher's website.


Source : The New York Times
Bookmark and Share
 

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More