MoneymintMoneymint
    • About
    • Bank
    • Blog
    • Business
    • Money
      • Credit Cards
      • Crypto
      • Investments
      • Tips
      • Review
    • Net Worth
    • Disclosure
      • DMCA
      • Terms and Conditions
      • Privacy Policy
    Subscribe
    MoneymintMoneymint
    Home»Microfinance

    International Media Coverage of Microfinance Crisis in Andhra Pradesh

    EditorBy EditorOctober 1, 2022 Microfinance
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Several leading International news agencies have picked up the news story about the microfinance crisis in Andhra Pradesh. Links to some of these articles are given below :


    Voice of America – Indian State Seeks Limits on Microfinance After Reports of Abuses

    Microfinance is a fast-growing part of the financial industry in many developing countries. Micro lenders give small loans to poor people to start or expand businesses.

    Microcredit offers a chance to improve lives and reduce poverty. But officials in Andhra Pradesh, in southern India, are investigating if debt collections are linked to a series of suicides among borrowers. Read more on VOA

    When a little help becomes a huge curse

    It’s meant to lift people out of poverty. But the women of Peddammagadda say microfinance has become a curse. This shanty town on the outskirts of Warangal, a city in the south Indian state of Andhra Pradesh, has been overrun by loan agents from India’s highly competitive microfinance industry. Read more on Sydney Morning Herald


    Microfinance: Little loans, big trouble

    Microfinance was supposed to mean economic empowerment for the poorest of the poor, many of them female villagers living in India’s southeastern state of Andhra Pradesh. Instead, the sector has spiralled into crisis in recent weeks, where the state is blaming 57 recent suicides on aggressive loan collectors. Read more on Globe and Mail

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor

      Meet our blog editor, Adrija! With years of experience in the blogging world and a passion for personal finance, Adrija is a valuable asset to our team. She has a keen eye for detail, a knack for crafting engaging content, and a commitment to providing our readers with the latest and most accurate information on money earning opportunities.

      Keep Reading
      micro-crisil

      Top 50 Microfinance Institutions in India

      mfi-savings

      Savings in Microfinance Institutions – Legal Framework

      disha-microfinance

      Disha Microfinance

      Latest Articles


      How does eBay Payment Work – Full Guide
      September 21, 2023
      Dhruv Rathee Net Worth
      September 21, 2023
      Kuldeep Yadav Net Worth
      September 21, 2023
      How to Make Money on Pinterest Without a Blog
      September 19, 2023
      CZN Burak Net Worth
      September 19, 2023
      Honey Singh Net Worth
      September 18, 2023
      How to Avoid eBay Buyer Scam
      September 21, 2023
      Raghav Juyal Net Worth
      September 15, 2023
      Tanmay Bhat Net Worth
      September 14, 2023
      How to Use Pinterest for Affiliate Marketing
      September 19, 2023
      Moneymint
      Welcome to Moneymint.com, your go-to destination for navigating the intersection of business and money. Our platform offers insights, resources, and tools to help entrepreneurs and business owners navigate the financial landscape and achieve success.

      Our team is dedicated to providing you with proven advice and ideas from the best in the industry.
      Categories
      • Bank
      • Business
      • Credit Cards
      • Crypto
      • Loan
      • Money
      • Net Worth
      DISCLAIMER

      The information provided on this page is for informational purposes only. We encourage you to conduct your own research and due diligence on any entities named in this article. We are not affiliated with, endorsed by, or sponsored by any products, corporations, or their affiliates or subsidiaries. References to the mentioned apps/websites are dynamic in nature, and we shall strive to keep these updated. The numbers stated may differ from the actual numbers.

      © 2023 Framed Media
      • About
      • Contact us
      • DMCA
      • Terms
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.