Book-keeping time MFIs have faced complaints of putting undue pressure on borrowers
At a micro-finance institution for village women
Bandhan’s founder Chandra Shekhar Ghosh
Loan melee Villagers at an MFI meet
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...
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...
Big Reach: Akula at a village SKS covers
“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...
“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...
“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...
