India: Microlenders Struggle For Survival Despite Debt Recast

Jul 2012
India, July, 25 2012 - The crisis that hit the Indian microfinance industry in late 2010 continues to take its toll on the sector. Leading microfinance institutions (MFIs) in Andhra Pradesh that were admitted to the corporate debt restructuring (CDR) process last year are struggling to stay afloat as loan recovery remains poor and banks refuse to lend to the sector.

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Source : Livemint

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