Please read the entire article.
It is a long article but essentially it talks about lower levels of repayments & entire groups defaulting.
There are many similarities & differences between Grameen & Equity so not apples to apples.
I respect Equity for what it has done but I wonder if the controls are sufficient as the bank grew/grows larger?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett