There finally appears to be a reason to cheer in the microfinance space. Indian microfinance (MFIs) companies are said to follow micro-financing models which are cheaper than their counterparts in markets like Bangladesh and Mexico, says Business Standard, quoting a study on the sector.
The study, titled 'Transparent Pricing Initiative in India', says: "Analysis reveals that Indian MFIs have considerably lower operating costs even at smaller loan sizes, as compared to other mature microfinance markets such as Bangladesh, Mexico, Cambodia, Philippines and Bolivia." Sponsored by industry body Micro Finance Institutions Network (MFIN), the study looks at the account pricing of microfinance loans from 82 MFIs. Source: Business StandardDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
