India’s $28-bn microfinance sector braces for turmoil as third crisis hits in a decade

By Beena Parmar

  • 14 Apr 2020
Premium
Credit: Thinkstock

Gagan Kumar, who runs a small hair salon in Mumbai’s Borivali suburb, is a worried man these days. Kumar had borrowed Rs 1 lakh from a microlender to set up his shop in 2018 and had been making weekly repayments until last month. But the nationwide lockdown to contain the ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.