India’s microfinance overhang is finally easing as debt-stressed borrowers fall
The number of microfinance borrowers with multiple loans has significantly decreased.
These borrowers still hold substantial outstanding loans, posing a higher credit risk.
Portfolio at risk for these stretched borrowers is higher than others.
The microfinance market saw a record peak in loans outstanding recently.
Stricter underwriting practices are helping the sector recover from past challenges.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
