Sequential Challenging Year Stares at Microfinance Sector: Report
0 Collections of the microfinance sector are likely to witness a shortfall of 10%-15% on a consolidated basis in May 2021. The variation among microfinance institutions (MFIs) could be wider, depending on their level of concentration in regions where lifting of restrictions could be slow, says India Ratings and Research (Ind-Ra). Collections for microfinance institutions (MFIs) and small finance banks (SFBs) have declined 3%-5% in April 2021 and additional 5%-7% in May 2021, the first fortnight of the month, both on a month-on-month basis. Ind-Ra opines that MFIs could again see credi...
Source: moneylife.in