Microfinance · Opinion

Kiva launches in India with poor product experience

The leading crowd-sourced microcredit platform, Kiva.org, has recently launched micro-lending in India. I am a big fan of Kiva and I am a personal lender on the platform having made more than 200 loans — see my Kiva lender page. But their micro-lending product for India is very different than what they offer for other countries.… Continue reading Kiva launches in India with poor product experience

Microfinance · Opinion

Microfinance is more than a loan

Interesting personal experience article by Jitin Mitra on the status and impact of microfinance in India. As a result of the microfinance crisis in India, there has been a significant decline in the availability of microloans for poor Indian workers. While certain politicians gloat that they are protecting poor borrowers, Jitin notes that “the reality is… Continue reading Microfinance is more than a loan

Livelihoods · Microfinance · Poverty Facts · Poverty Reading List

Book Review: Poor Economics – Part II

Poor Economics: A radical rethinking of the way to fight global poverty By: Abhijit Banerjee and Esther Duflo This is a continuation of my book review. See Part I of book review > Here are a few highlights I took away for the book: Most poor aren’t hungry. Despite what the experts say. Generally, the… Continue reading Book Review: Poor Economics – Part II

Livelihoods · Microfinance · Poverty Facts · Poverty Reading List

Book Review: Poor Economics

Poor Economics: A radical rethinking of the way to fight global poverty By: Abhijit Banerjee and Esther Duflo This is one of the best books I’ve read on addressing global poverty. And I’ve read a LOT of books on this topic. It summarizes a massive amount of primary in-the-field research and has lots of interesting… Continue reading Book Review: Poor Economics

Microfinance

Entrepreneurs by Opportunity vs. Necessity

Interesting article posted by Forbes challenging the widespread use of the general term “entrepreneur” to describe both Bill Gates and a poor street fruit seller in a developing country. In reality, there are entrepreneurs by necessity (because you have to eat) and those by choice or opportunity. Forbes argues that we do a disservice to… Continue reading Entrepreneurs by Opportunity vs. Necessity

Microfinance

India Regulator Proposes Radical Microfinance Reforms

This week, the Reserve Bank of India (India’s central banking regulator) proposed significant new microfinance regulations which would impact the majority of microfinance lending in India. There are many new regulation recommendations which they hope to have adopted as early as April 1, 2011.  Here are a few highlights: Create a new non-banking financial company… Continue reading India Regulator Proposes Radical Microfinance Reforms

Microfinance

Disinformation on Microfinance Hurts the Poor

Muhammad Yunus’ OpEd piece in Friday’s New York Times entitled Sacrificing Microcredit for Megaprofits is plainly and simply factually challenged.  Yunus advocates for changes which will result in fewer of the working poor receiving quality financial services and those who do will pay more for those services. [NOTE:  Those of you who read my blog… Continue reading Disinformation on Microfinance Hurts the Poor