In Niigata Prefecture, a rice farmer named Takeshi deposits his entire harvest income into a local cooperative bank branch, takes out a seasonal crop loan from the same counter, and buys his fertiliser from the cooperative store next door. He has never walked into a commercial bank in his life. Neither did his father. This … Read more
A seven-bank syndicate backing a single telecom refinancing tells you something about lender confidence in the UAE’s communications sector. Emirates Integrated Telecommunications Company PJSC, better known as du, has just closed an AED 2 billion revolving credit facility that it does not even need to draw down yet. The du revolving credit facility, valued at … Read more
In Barmer district’s Chohtan tehsil, a groundnut farmer named Ramdev Bishnoi walked seventeen kilometres last monsoon season to reach the nearest bank branch — only to be told his loan application would take another forty-five days. By then, the sowing window had closed. He returned home, borrowed ₹38,000 from a local moneylender at 36% annual … Read more
