Microfinance
Microfinance has Limited Impact
The Times of India reports that microfinance has limited development impact: The End of Poverty (16 Dec 2006).
Many studies show that the impact of microcredit is limited. Vijay Mahajan, founder of Basix, India’s best-known MFI, has the following to say:
“In an impact assessment study carried out at Basix six years after inception, we found that [...]
Microfinance as Business, Faults and All
I have been a long-time skeptic of Microfinance and my posts on the subject receive more than average traffic for this modest blog. I am disappointed, therefore, to have missed a CGD report titled “Microfinance as Business“, that seems to support, at first, my skepticism.
The CGD points to coverage of the report in Salon. That [...]
Microfinance wins the 2006 Nobel Peace Prize
Q. What is more dangerous than a celebrity with a cause?
A. A celebrity with a cause and a nobel peace prize (see reason 34 for why).
Thank god then that the the 2006 Nobel Peace Prize was awarded to Muhammad Yunus and his Grameen Bank - someone that actually deserved it, not someone that was simply [...]
Microfinance - and why it may not work
Microfinance has long been declared THE solution to the problems of the poor. Like a magic wand, it would lift the poor out of poverty by giving them credit to expand their horizon of opportunity. There seemed to be plenty of cases to back up theory. And it seemed to solve, very nicely, the problem [...]
