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Asia Sentinel
Bigger Troubles for Indian Micro Credit

Bigger Troubles for Indian Micro Credit

Our Correspondent
May 11, 2011
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Asia Sentinel
Asia Sentinel
Bigger Troubles for Indian Micro Credit
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More than six months after the Indian state government of Andhra Pradesh passed a law seeking to reform money-gouging microfinance institutions which had driven scores of the poor to suicide, the cure appears almost worse than the disease.

Defaults are mounting for the micro-lenders in Andhra Pradesh, a state that produced as much as a quarter of India’s…

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