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

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 · 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

Microfinance

Kiva provides microloans in USA

Kiva, a pioneer in making microlending participation possible for almost anyone in the USA at $25 at a time, has focused to date on lending to microbusinesses in developing/low-resource countries. Many of these loans were a few $100’s with the largest around $1,000 per individual business. Recently has begun facilitating loans to low-income self-employed entrepreneurs… Continue reading Kiva provides microloans in USA

Microfinance · Poverty Reading List

A Billion Bootstraps book review

A Billion Bootstraps: Microcredit, Barefoot Banking, and the Business Solution for Ending Poverty by Phil Smith and Eric Thurman I think this the best book that I’ve read so far which provides an introduction to microcredit which is designed for a non-industry expert and, more specifically, for someone who is looking to get involved in… Continue reading A Billion Bootstraps book review

Microfinance · Poverty Reading List

The Poor Always Pay Back book review

The Poor Always Pay Back: The Grameen II Story by Asif Dowla and Dipal Barua If anyone is interested in seeing inside one of the world’s most innovative microfinance organizations, this is a fantastic documentary of the huge transformation that Grameen Bank (founded by Muhammad Yunus) … 2006 Nobel Peace Prize winners … went through… Continue reading The Poor Always Pay Back book review