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MFI's collections to pick up from June: MFIN CEO Harsh Srivastava

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Micro-finance institutions (MFIs) face difficult times as their collections across India have come to a standstill amid the nationwide lockdown.

In an interview, Microfinance Institutions Network, or MFIN, chief executive officer Harsh Srivastava talks about the near-and-mid term measures that are required to sustain the industry.

Edited excerpts: How will the lockdown and the pandemic affect the sector's performance? India continues to be a growing economy, although currently in a slowdown.

India is a young nation with huge demand for credit from the low-income households, who are engaged in a trade of their own, self-employed, they represent the bottom of the pyramid segment.

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COVID-19
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Brazil
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Deaths: 237 619
Recovered: 0
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