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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Does Microcredit work for the urban poor? Banerjee and Duflo Answer

In chapter 7 of Abhijit Banerjee and Esther Duflo’s Poor Economics, they delve into the economics of lending to the poor and, among other things, proceed to answer the question “Does Microfinance work for the poor?” The answer depends on the definition of “work”. Banerjee and Duflo (B & D) found that no independent research …

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