Microfinance

India microfinance crisis by the numbers

Finally a reporter who actually attempts to explain the objective facts on the current microfinance crisis in the Indian state of Andhra Pradesh. Microfinance by the Numbers by Eric Bellman Here are a few highlights: Default rates by borrowers were ~2% before the politicians intervened and now have risen to 50% since they instructed borrowers… Continue reading India microfinance crisis by the numbers

Microfinance · Opinion

Questions about Unitus changes

I wish I had posted this closer to the announcement date, but I still think this will be helpful for people who care deeply about Unitus and microfinance/poverty alleviation… I am a board member of Unitus, a global poverty 501c3 charity which recently announced that it is redirecting its efforts from microfinance to new areas of reducing global… Continue reading Questions about Unitus changes

Microfinance · Poverty Reading List

Portfolios of the Poor book review

Recommended Reading Portfolios of the Poor: How the World’s Poor Live on $2 a Day by Collins, Morduch, Rutherford & Ruthven This recently published book has got a lot of buzz amongst the microfinance industry as providing new insights into the actual financial activities of < $2/day (key UN definition of very poor) families.  The… Continue reading Portfolios of the Poor book review

Microfinance

Microcredit helps the entrepreneurial poor

The Economist published an article called, A partial marvel, last month which summarizes the results of various research which evaluates the value of microcredit in helping the poor.  The Net:  Not everything (as expected) is rosy. Here are a few highlights: Funds still subsidized. 53% of the $11.7B committed to microfinance industry came at rates… Continue reading Microcredit helps the entrepreneurial poor