The interest rates charged on microfinance loans given to the rural and urban poor in India will soon be available online.The decision by the newly-formed Microfinance Institutions Network (MFIN), a self-regulatory body, comes after criticism of the excessive rates charged by some microfinance providers.Microfinance institutions (MFIs) in India charge interest rates upward of 24%, significantly [...]
Microfinance loan rates to be published online
