Raghu Nandan Dhar describes an elaborate system of moneylending in Mumbai by people hailing from Karur in Tamil Nadu" /> Raghu Nandan Dhar describes an elaborate system of moneylending in Mumbai by people hailing from Karur in Tamil Nadu" /> Raghu Nandan Dhar describes an elaborate system of moneylending in Mumbai by people hailing from Karur in Tamil Nadu">

 

 

Informal Micro-finance
Reza Mohammed does not fit your normal idea of a banker wearing a pin-striped, buttoned-down shirt, spewing financial jargon at you. He does not have a 9-to-5 job, nor a stunning wife who drives a class ‘C’ Mercedes. But he lends money like a banker. And he does it at 30%, inflation or no inflation, RBI rules or no RBI rules; and manages to collect a lakh or more per day in equated...
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