Borrowing from MFI to save for daughter’s dowry?

SKS Microfinance Ltd, India’s largest and only listed microlender, said its losses widened in the second quarter from the preceding three months as repayment rates in Andhra Pradesh, its biggest market, plunged after a local law restricted lending and recovery. The Hyderabad-based lender posted a loss of Rs. 384.54 crore in the three months ended …

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