Do MFIs charge interest on the loans?
Yes, they do. MFIs like any other organisation have costs they must cover to stay operational. Interest charged by MFIs is far less than interest charged by other local providers, such as private moneylenders. Read more on interest charges here. 40. I am an MFI and I would like to join lendwithcare Please email khan@careinternational.org for further information. In your email, please state whether you already have a relationship with a CARE International Country Office.
