India's Microlending Loan Sharks
It looks as if microfinance in India is facing its first major crisis. Even though the crisis has been linked to recent farm suicides in Andhra Pradesh, it may not be far-fetched to connect it to the hugely successful IPO of SKS Microfinance, the nation's biggest micro-lender, and the prospect of lucrative profits.
Far from the promise of Grameen Bank-st…
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