Friday, August 17, 2012

Crowdsourcing Based Microlending Service Kiva Launches In India

....The Reserve Bank of India (RBI) requires loan funds sent to non-government microfinance institutions to remain in the country for at least 3 years. As a work around for this, Kiva’s field partners will hold on to loan funds for the minimum 3-year term before sending repayments back to lenders......

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