Stress in rural households and loan defaults create woes for microfinance sector in Assam

Various organisations in the upper part of the northeastern state have joined the chorus seeking an inquiry into the operation of microfinance lenders as several micro borrowers are said to be exposed to high debt. Reports of unrest have come from various districts of Assam. Indebtedness of micro borrowers in Assam is more than double the national average.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QD4Yof