Title: The India microfinance story : putting the focus on borrowers
Abstract: IFC has worked on client-protection issues since the first microfinance investment in the early 2000s. These activities took on a more defined shape when seeds of the responsible finance program were sown with the microfinance credit reporting initiative in 2009, which aimed at reducing the significant information asymmetry between microfinance borrowers and lenders by supporting increased links between microfinance institutions and credit bureaus. This smart lesson shares the lessons learned during the implementation of components of the responsible finance program of IFC’s advisory services, and how that program is having a clear and defined impact on India’s microfinance industry.
Publication Year: 2015
Publication Date: 2015-04-01
Language: en
Type: article
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