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Tags: microfinance
Categories: Economics & Finance
State of India where a microcredit bubble explodes in 2010. The indebtedness of clients of microfinance institutions not allowed them to repay their debt. The pressure exerted by MFIs to recover microcredit led to suicides which triggered a campaign of non-repayment of loans and caused a crisis in the sector. The state government enacted a law to monitor microfinance institutions.
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