30 suicides in 45 days to escape microfin agents

About 30 persons have committed suicide in the last 45 days, apparently due to the coercive methods of MFIs in Andhra Pradesh, a shocking figure that prompted the state government to issue a special ordinance to rein in the MFIs.

Interest rates on micro loans falling 150 bps annually: Access

Interests rates on micro loans, which stand at over 20% in the country, are falling at an average of 150 bps annually.