High rates, debt trap & suicides: RBI issues stark microfinance warning
For lenders, it is a quest for wealth at the bottom of the pyramid; for borrowers, an aspiration for a better lifestyle. But the absence of adequate guardrails has resulted in losses for lenders and financial distress for borrowers
For lenders, it is a quest for wealth at the bottom of the pyramid; for borrowers, an aspiration for a better lifestyle. But the absence of adequate guardrails has resulted in losses for lenders and financial distress for borrowers
