The Bangladeshi government recently convened a committee to “analyze cost of the MFIs’ [microfinance institutions’] services and to determine if there is any scope to reduce the charges” with a nationwide cap. The committee, which includes 11 representatives of government, industry and observers, is headed by
Tag: interest rates
MICROCAPITAL BRIEF: E-lending Company Creditas of Brazil Raises $225m in Equity, Eyeing Expansion to Mexico
Creditas, an online lending platform in Brazil, recently raised USD 225 million in equity, valuing the firm at approximately USD 1.75 billion. Among its plans for the new funds is
MICROCAPITAL BRIEF: Nepal’s Microfinance Institutions (MFIs) See 21% Growth in Profit During 2013-2014 Amidst Concerns over High Interest Rates Charged to Borrowers
Microfinance institutions (MFIs) in Nepal reportedly are experiencing a period of growth that some say can be attributed to high interest rates charged to borrowers.