The quiet rise of India's small finance banks
When Govind Singh quit his 20-year-long career as a bank employee in 2009, he was ready to take the plunge and follow his passion. At 43, he set up a microfinance firm, Shree Pathrakali Finance. It lent primarily to women. Operating under the Utkarsh brand, the firm targeted Varanasi’s small business owners with micro loans (ticket size of ₹100-5,000).
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