Microfinance hits obstacles in India

In rural India, borrowers face high interest rates and other hurdles to benefiting from microfinance.

It was supposed to allow the world’s poorest people to plan a better future for themselves.

Microfinance provides small loans to those with little or no collateral.

But as Prerna Suri reports from the state of Andhra Pradesh in India, some borrowers say the loans come at too high a price.

Source: Al Jazeera


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