Tiny loans to poor people were seen as a path to prosperity, but they haven’t improved most borrowers’ economic situation.
Ujjivan Small Finance Bank (Ujjivan SFB) started its operations as a Small Finance Bank in February 2017. Prior to which it had functioned as a microfinance company and was ranked among India’s top ...
Give a man the means to borrow, so the argument goes, and he can work himself out of poverty. But do microfinances’ claims stand up? wk1003mike/Shutterstock Despite around US$34 billion in funding and ...
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