Microfinance Monitor NEWS WITH GLOBAL PERSPECTIVE
Hyderabad-based SKS Microfinance has decided to cut its interest rate by 1.25 percent to make it 20.75 percent with effect from October 1, 2005. The current rate of interest charged by SKS is at 22 percent and far less than many other microfinance lenders in India which provide loans at 25% on an average. “With the third interest rate cut ...
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