Book-keeping time MFIs have faced complaints of putting undue pressure on borrowers
At a micro-finance institution for village women
Ajit Solanki
Bandhan’s founder Chandra Shekhar Ghosh
Sandipan Chatterjee
Photo by Arindam Mukherjee
Loan melee Villagers at an MFI meet
Siddharaj
Union Finance Minister P Chidambaram with Lise Grande, UN Resident Coordinator and UNDP Resident Representative in India, and Chairman, CII Taskforce on Financial Services, M V Na...
PTI Photo/ Kamal Singh
Vested interests A microfinance meeting on the outskirts of Hyderabad
Reshma Chavan, 43
She owns a shirt-making factory in Mumbai and is entirely dependent on seasonal wholesale orders. Her inability to repay her loan from the MFI has le...
Dinesh Parab
Big Reach: Akula at a village SKS covers
Nilotpal Baruah
“We are in a tight squeeze and don’t know how to repay the money. Some of us have sold the buffaloes to repay the loan.” Naresh Chand (left, foreground) Jeevana village, M...
“Both banks and microfinance people want a shop address before they sanction a loan. How do I get that?” Kanu Das, Calcutta
Kanu Das, 35, a garment hawker in Cal...
Sandipan Chatterjee
“Banks make you feel really small...the attitude is you will run off with the money and never pay back.” Ripan Sarkar, Siliguri
When Sarkar thought of starting his...
Sandipan Chatterjee
“The constant hounding and abusive language are getting too much. I sometimes feel death alone will offer me respite from this hellish loan cycle.” Bouthu Swarnalatha, Waran...
How Kerala is bracing World Cup; why native fish have disappeared in Manipur; how a village fell into a bureaucratic black hole; Read all the juicy gossips here...