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Nurturing Financial Inclusion Strategies to empower MFIs

Once, banks catered exclusively to well-off entrepreneurs, with their doors hardly accessible to those most in need of financial resources to build a better future. This left small investors and farmers at the mercy of local moneylenders, known as 'Mohajon,' who exploited them with high-interest loans secured against collateral, often resulting in the loss of their property. However, a silent revolution began in the late 1970s.

Link: Finance News: Latest Financial News, Finance News today in Bangladesh (thefinancialexpress.com.bd)