Microfinance: Falling Short Of Its Promise?
Over the years, securing loans has become easier in India, thanks to the growth of the microfinance sector, fuelled by the government’s focus on financial inclusion and empowerment of the underserved. However, this progress has come with the realisation that the sector’s promises have not always resulted in positive outcomes for borrowers and investors. As the microfinance industry faces ongoing challenges, Mandar Wagh examines the financial performance of industry leaders, sectoral headwinds and tailwinds, and provides an outlook for investors to make informed investment decisions