Local level supervision is critical to ensure consumer protection in microfinance

Ramesh S Arunachalam

MSME and Rural Finance Practitioner

Self-regulation in the microfinance business has not worked for various reasons. Most importantly, it involves the distribution of small sums, almost totally in cash, to people who are vulnerable, and in areas so widely spread out that it is quite impossible to ensure fairness on a day-to-day basis

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