That is, until she discovered Grameen Bank, one of the first microfinance institutions (MFIs), which set up shop in rural Bangladesh in the wake of the 1976 famine. In 1979, Grameen made Mufiya a ...
Through microfinance loans — small amounts of capital that fund the start of modest businesses — Grameen demonstrated that the poor are “bankable,” and boasted an impressive 98 percent loan recovery ...
BENGALURU: Law Minister HK Patil and Revenue Minister Krishna Byre Gowda on Saturday held a meeting with senior officers to draft a new law aimed at curbing the excesses of microfinance institutions.
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