In a proactive move that will go a long way in enhancing responsible lending and institutionalising the process of credit information sharing, 31 NBFC - Microfinance Institutions (NBFC-MFIs), including all the top 10, have come together to set up Microfinance Institutions Network (MFIN), a self-regulatory organization of NBFC MFIs that aims to work with regulators to promote microfinance to achieve larger financial inclusion goals.
Thursday, March 11, 2010
Microfinance Institutions Network (MFIN) To Ensure Responsible Lending
In a proactive move that will go a long way in enhancing responsible lending and institutionalising the process of credit information sharing, 31 NBFC - Microfinance Institutions (NBFC-MFIs), including all the top 10, have come together to set up Microfinance Institutions Network (MFIN), a self-regulatory organization of NBFC MFIs that aims to work with regulators to promote microfinance to achieve larger financial inclusion goals.
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