In the News

MFIs Delinquency Rate Down 20% in Apr-Oct 2013

MFIs Delinquency Rate Down 20% in Apr-Oct 2013

07 Jan 2014
Economic Times

Edition: Page 11

 

Credit information company ECIS on Monday said the delinquency rate of micro-finance institutions (MFIs) has declined by 20% between April and October 2013.

“Delinquency rate by the number of accounts that are more than 30 days outstanding has declined 20% from 1% in April to 0.8% in October 2013,” Equifax Credit Information Services (ECIS) said in a report.

Earlier this year, ECIS had reported that delinquency by number of accounts that are more than 30 days due had declined by more than 33% from more than 1.5% in mid-2012 to around 1% in April 2013.

“Seeing the continued decline in delinquency rates gives us confidence that our MFI members are benefitting from ECIS’ credit bureau data,” its MD and chief executive Sanjay Patel said.

More Blog Entries

Keep a firm grip on debt

Keep a firm grip on debt 07 Jan 2014 Outlook Money Edition: Page 42 - 45  ...

MFIs delinquency rate declines 20 pc in Apr-Oct this fiscal

MFIs delinquency rate declines 20 pc in Apr-Oct this fiscal 07 Jan 2014 Daily Post ...