Financial ExpressNov 8, 2021Microfinance: How second Covid wave hammered micro lenders to small businesses, individualsCredit and Finance for MSMEs: The average ticket size also dipped by 7.4 per cent from Rs 38,900 in Q4 FY21 to Rs 36,000 in Q1 FY22 with maximum degrowth of 11.7 per cent recorded in Rs 20k-30k ticket size followed by 10.5 per cent contraction in Rs 30k-40k ticket size.Credit and Finance for MSMEs: Even as microfinance lending, which targets micro and small business owners and individuals, was able to recover to the pre-pandemic mark by Q4 FY21, the second wave and the following lock down put a severe dent in the sector’s growth in the first quarter of the current financial year.Read more at Financial Express
Credit and Finance for MSMEs: The average ticket size also dipped by 7.4 per cent from Rs 38,900 in Q4 FY21 to Rs 36,000 in Q1 FY22 with maximum degrowth of 11.7 per cent recorded in Rs 20k-30k ticket size followed by 10.5 per cent contraction in Rs 30k-40k ticket size.Credit and Finance for MSMEs: Even as microfinance lending, which targets micro and small business owners and individuals, was able to recover to the pre-pandemic mark by Q4 FY21, the second wave and the following lock down put a severe dent in the sector’s growth in the first quarter of the current financial year.Read more at Financial Express
