Micro Financing Ordinance

Amjed hanged himself to death on Monday after he was unable to repay on time the weekly installment of Rs 570 on the Rs 24000 loan that his wife Kauser took from a Micro Finance Institution (MFI)."Only because of the coercive methods used by the microfinance institutions, such incidents are taking place," said V Vasant Kumar, Rural Development Mini...

Amjed hanged himself to death on Monday after he was unable to repay on time the weekly installment of Rs 570 on the Rs 24000 loan that his wife Kauser took from a Micro Finance Institution (MFI)."Only because of the coercive methods used by the microfinance institutions, such incidents are taking place," said V Vasant Kumar, Rural Development Mini...