Microfinance GLP jumps 48% to Rs 2 lakh cr in Sept quarter

In the second quarter ended September 2019, the total number of microfinance loan accounts were at 9.79 crore as compared to 7.43 crore account in the year-ago period, according to a quarterly report by Microfinance Institutions Network (MFIN). Since March 2017, an estimated 1.83 crore unique borrowers have been added, which is an average of 0.73 crore per year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2qzfq5T