Once the world’s leader, India’s microfinance industry went through a severe crisis, when the state of Andhra Pradesh witnessed a mass default of microfinance borrowers in 2010. Combined with allegations of over-indebtedness and coercive recovery practices, this reflected poorly on microfinance institutions (MFIs) and the industry at large, undermining investor and consumer trust in the sector. To address these issues, IFC is promoting consumer protection...
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INFORMACIÓN
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2013/10/01
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Resumen
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94894
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1
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1
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2015/03/13
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Disclosed
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Responsible finance : restoring India's microfinance industry
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microfinance sector