Andhra Pradesh, the fifth most populous state in India, is home to five of its largest for-profit nonbank finance companies, all of which began in the 1990s as microfinance institutions (NBFC MFIs). The state-supported self-help groups (SHGs) have an even wider reach and account for more debt than MFIs alone, although the latter is less flexible with its repayment options and interest rates. Aptly dubbed the capital of microfinance, Andhra Pradesh...
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DETAILS
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2010/11/01
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Brief
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82562
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1
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1
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2014/05/07
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Disclosed
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Andhra Pradesh 2010 : global implications of the crisis in Indian microfinance
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microfinance
Citation
Andhra Pradesh 2010 : global implications of the crisis in Indian microfinance (English). CGAP focus note ; no. 67 Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/300751468269382514