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CRISIL Mutual Fund Ranking

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Apart from banking regulation, more general legislative aspects, both in relation to micro-lenders and micro-borrowers, have a bearing on the development of microfinance in a given country. This is the case with tax laws, legal provisions in relation to self-entrepreneurship, interest rate ceilings, usury rates, etc. The different frameworks are key determinants and have led to a broad variety of institutional forms and business models for microfinance lending in Europe. 6 As a result, there is noticeable diversity in the various types of microfinance providers, like development agencies, micro-banks, banks (incl. savings banks, and cooperative banks), and non-bank financial institutions (we...
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CRISIL Mutual Fund Ranking

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