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NextThought Monday: How Can I Pay My Loans If I Can’t Afford an Onion?
Sure, one might argue that growing debts and high interest rates have lead to suicides in India and rising default rates. Perhaps you may even conclude that greed finally got the better of the MFIs. But when I visited Andhra Pradesh and almost couldn’t afford a watermelon, I gained a whole new perspective on the MFI crisis.
- Categories
- Finance
- Tags
- lending, microfinance
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