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

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

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