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Microfinance presence lowers rural interest rates

Summary by The Daily Star
When a formal microfinance institution (MFI) enters a village and joins the existing rural lending ecosystem, the influence of both informal moneylenders and exorbitant interest rates declines significantly, according to a study.
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Microfinance presence lowers rural interest rates

When a formal microfinance institution (MFI) enters a village and joins the existing rural lending ecosystem, the influence of both informal moneylenders and exorbitant interest rates declines significantly, according to a study.

·Bangladesh
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The Daily Star broke the news in Bangladesh on Thursday, February 20, 2025.
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