Microfinance in crisis yet again. What’s the way forward?: Dr. M S Sriram

Every few years, microfinance finds itself at a crossroads. The same concerns resurface-steep interest rates, aggressive loan recovery, over-indebtedness. In his piece ‘Microfinance and the Remedial Pathway’ for the Kannada daily Prajavani, Dr. M S Sriram, Public Policy area, argues that the sector must reinvent itself, with a redesign of interest structures, ethical lending, and customer safeguards.