microfinanceSelf Sufficiency |
Once the microfinance company is established, its operations will be self-sufficient. |
microfinanceBetter Repayment Rate |
Microfinance companies have a better repayment rate than banks and financial institutions for small loans provided to individuals and businesses.
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microfinancemicrofinanceNo Minimum Capital Requirements |
It is not mandatory to fulfill any minimum capital requirements for setting up a microfinance company. |
microfinanceNo RBI Approval |
There is no requirement for RBI approval to establish a microfinance company as the minimum compliance requirement.
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microfinanceEncourages Entrepreneurship |
Starting this type of entity promotes entrepreneurship to fulfill business requirements. |
microfinanceCredibility |
Providing different forms of loans increases credibility and public trust. |
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