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Microfinance institutions (MFIs) play an important role in providing financial services to populations traditionally excluded from the banking system, such as small farmers and the rural poor. However, many MFIs charge high interest rates, sometimes over 20%, to cover their costs and generate profits. There is also a lack of regulation for many MFIs that are not structured as companies. SKS Microfinance is the largest MFI in India, originally founded as a non-profit organization but now operating as a for-p
- Author
- bala2508
- Language
- EN