Microfinance hits obstacles in India

In rural India, borrowers face high interest rates and other hurdles to benefiting from microfinance.

    It was supposed to allow the world's poorest people to plan a better future for themselves.

    Microfinance provides small loans to those with little or no collateral.

    But as Prerna Suri reports from the state of Andhra Pradesh in India, some borrowers say the loans come at too high a price.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.