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MFIs delinquency rate drops 20% in Apr-Oct

MFIs delinquency rate drops 20% in Apr-Oct

07 Jan 2014
The Times of India

Edition: Page 15

 

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.