InvestorQ : What is the success rate of MFI?
vani Patil made post

What is the success rate of MFI?

Suresh Patil answered.
3 years ago

India is currently one of the leading countries in the world which is successfully running lots of microfinance institutions. All the government and non-governmental organisations (NGOs) are running various projects to uplift the lives of the marginalised or disadvantaged section and the success rate is quite high.

The highlighting point of MFIs is that their job doesn’t end with just providing loans. They also stick to the borrower till they are capable of running their businesses on their own. As a result, the risk factor comes down and repayment chances certainly go high.

Hence, the success rate of MFIs in India is very high and these institutions are growing with every passing day. The more successful the MFIs will be in India, more will be the improvement rate of the poorer section in the country.