Impact of competition on microfinance beneficiaries: evidence from India

India has been implementing Microfinance programmes for the last three decades. The journey from Micro-Credit to Microfinance has been long. Presently formal financial institutions and government and non-government agencies are implementing microfinance programmes all over the country. However, it is found that there is no synergy among these organisations. They are not sharing information about their clientele among themselves. This paper makes an attempt to analyse the impact of an increase in competition among microfinance institutions on the decision of delaying the repayment by their clients.