Microfinance News Digest

Microfinance Credit Information Bureau to be launched soon in India

Microfinance companies are planning to set up a credit bureau to facilitate smooth disbursal of loan to the needy sections of the society. Hyderabad-based SKS Microfinance, the largest player in the segment in terms of assets, is playing a key role in this regard.

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“There is no credit bureau that supports microfinance lenders. So we are in the process of getting one. We are talking to the Credit Information Bureau (India) and a couple of other people. Hopefully by this month end, an announcement will be made,” Suresh Gurumani, chief executive officer of SKS Microfinance, told Financial Chronicle.

Read more on mydigitalfc.com

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