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mfi sucks blood of poor(large scale monet lender)
by mohan guddad on Nov 17, 2007 09:35 PM   Permalink

These MFI are serving poor and making them bankable but recent development in disbursement between MFIs and vast and fast expansion, concentration in same area destroy the credit culture of rural. As these MFI are borrowing from private banks they need to disburse more and it results in over, multiplefinancing to the poor, this makes life of poor out of control and destroy their livlihood. there must be some regulations for these MFIs.

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A micro-finance success story