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News

MicroGraam, 'e-bay' of microfinance, launches online marketplace in India

The Hindu, Bangalore, May 18: Where high-interest rates act as a deterrent to many micro-entrepreneurial ventures, here's an online microfinance marketplace that promises aid at low costs. MicroGraam, a Bangalore-based microfinance institution (MFI), has launched this online auction-based marketplace, wherein small investors offering the lowest interest rate get to lend.