John Fischer is quoted in this article, which shares the overwhelmingly positive impact of microloans and how inflation threatens to increase interest rates and impact borrowers the most. John spoke about how portfolio companies have been affected by rising interest rates, stating that “in anticipation [of the rate increases], they are getting [funding] offers at slightly higher rates than what they were getting last year.” The article also mentions that Accion is a funder of Northern Arc Capital, which is funding microlenders in India.
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