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.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.