90% OF RURAL WOMEN CAUGHT IN MICROFINANCE DEBT TRAP

COLOMBO (News 1st): Around 90 percent of the rural women are caught in the debt trap of some microfinance institution, the State Ministry of Samurdhi, Household Economy, Micro Finance, Self Employment, Business Development, and Underutilized State Resources Development said on Saturday (Jan. 01). Some microfinance institutions charge an interest rate of around 360 percent annually, […]

90% OF RURAL WOMEN CAUGHT IN MICROFINANCE DEBT TRAP