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90 percent rural poor indebted to microfinance companies

Ninety percent of the rural poor had obtained loans from microfinance companies, National Movement of the Victims of Microfinance, Convener Nirosha Guruge said yesterday, addressing a press conference in Uva Paranagama. “Most of the Microfinance firms are not registered and when they started giving loans, on a massive scale, we warned that this would lead […]

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