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Improving Microfinance

Improving Microfinance Improving Microfinance

Capital adequacy ratio of Mehr Iran Qarzol-Hasaneh Bank is 21% and the bank is planning to increase lending ceiling from 150 million rials ($5,000 at official exchange rate) to 200 million rials ($6,600), the bank CEO said Monday. The bank has lent 30 trillion rials ($1 billion) since Sept. 2014; the Persian daily Donya-e-Eqtesad quoted Siamak Dolati as saying. The micro financer lent 435 billion rials to entrepreneurs and provided 1,377 people with a total of 501 billion rials in loans.

 

Financialtribune.com