Microfinance Institutions (MFI) in Karnataka have a loan portfolio of Rs 46,000 crore, with a 10% year-on-year growth, according to a report by the Association of Karnataka Microfinance Institutions. The report states that 89% of surveyed customers preferred MFIs over other lenders and 90% of loans were for income-generating purposes.
Currently, only about 10-15 percent of customers repay digitally. The organisations are considering monetarily incentivising clients to repay digitally.
Bangladesh PM Sheikh Hasina will be in India to attend the G20 summit and it is an opportunity for us to join many notable global thought leaders in urging a halt to the harassment of Yunus, who helped or inspired so many of India’s microfinance institutions take the first steps on the long road to success
Microfinance AUM up 22% in FY23, MFIs top lenders with 40% share thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.