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How MFIs are different from banks?

Banks different MFIs
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How MFIs are different from banks?

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In the model of MFI clients are not required to provide collateral to receive loans. MFIs are also very client-friendly; most usually MFIs provide the loan to the clients and receive the payment at their door step rather than requiring their clients to come to them. Simultaneously, MFIs support the borrowers in income generating activities.

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