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Covid-19 second wave affects microfinance industry telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
The talks have begun, three people familiar with the matter told ET. There s no certainty on which of the negotiations would conclude in a transaction. ....
Arohan Financial Services conferred with SKOCH Recognition Posted On: 2021-04-06 10:21:07 (Time Zone: Arizona, USA) One of the leading NBFC-MFIs, Arohan Financial Services recently received a semifinalist recognition at SKOCH Awards 2021 for Micro Credit, mera Arohan, Response to COVID and Corporate Governance segments. On being in receipt of this recognition, Mr Manoj Nambiar, Managing Director, Arohan Financial Services Ltd stated In the past we been awarded the SKOCH Order of Merit for qualifying amongst the top 100 projects in India for Financial Inclusion in 2016, SKOCH Order of Merit for IT Transformation, Mobility and CRM in 2017 amongst top 80 Technology Project in India and SKOCH Order of Merit in 2018 for qualifying amongst the top ranking banking and finance projects in India for financial Inclusion, micro credit and rural expansion. We continue to have a focus bringing easy access to micro credit and create a social impact and are humbled to ....
How millions of defaults threaten the future of microfinance in India How millions of defaults threaten the future of microfinance in India With India’s economy set to contract the most since 1952, many borrowers most of whom are small traders & daily wage labourers are becoming trapped in never-ending debt cycles. Text Size: A+ Mumbai/New Delhi: In February 2020, unaware the coronavirus pandemic was about to wipe out her livelihood, Arpita Das borrowed $2,300 to buy materials and equipment for her family fishing business in West Bengal, India. A few weeks later, demand for her prawns collapsed, leaving her unable to make the $180 monthly repayments to two microlenders. ....
Millions of Defaults Threaten Microfinance s Future in India Suvashree Ghosh and Shruti Srivastava, Bloomberg News People at the Lajpat Nagar market in New Delhi. Photographer: Prashanth Vishwanathan/Bloomberg , Bloomberg (Bloomberg Markets) In February 2020, unaware the coronavirus pandemic was about to wipe out her livelihood, Arpita Das borrowed $2,300 to buy materials and equipment for her family fishing business in West Bengal, India. A few weeks later, demand for her prawns collapsed, leaving her unable to make the $180 monthly repayments to two microlenders. The 33-year-old mother of two, whoâd never missed a payment since she started borrowing three years earlier, is now living off the vegetables and grains she grows on a plot of land outside the home she shares with her husband and his parents. With the whole family out of work, theyâre unlikely to have any income unless she can borr ....