More than 60 million Indian women currently hold small, collateral-free loans, impacting as many as 300 million families in the country of some 1.4 billion people, according to the MFIN. Photo: AFP
More than 60 million Indian women currently hold small, collateral-free loans, impacting as many as 300 million families in the country of some 1.4 billion people, according to the MFIN. Photo: AFP
India

Safe from the clutches of loan sharks, India’s rural women tap micro loans to become budding entrepreneurs

  • Formal micro lenders have an increasing presence in rural areas where banks have limited reach or are unwilling to lend to the poor, analysts say
  • Over 60 million Indian women hold small, collateral-free loans that have helped generate income and provide sustainable employment for their families

More than 60 million Indian women currently hold small, collateral-free loans, impacting as many as 300 million families in the country of some 1.4 billion people, according to the MFIN. Photo: AFP
More than 60 million Indian women currently hold small, collateral-free loans, impacting as many as 300 million families in the country of some 1.4 billion people, according to the MFIN. Photo: AFP
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