Microfinance Horizon

By Eric Bellman 17 November 2010 [WSJ] Dear Esteemed Politicians and Bureaucrats of Andhra Pradesh: The backlash against microfinance institutions is threatening to cripple the industry that gives tiny loans to mini entrepreneurs. (Reuters) Please take 10 minutes to consider some important numbers before you destroy the one industry in your lovely southern state that [...]

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8 November 2010 [The Economic Times] A cut in rates comes from as high as 34 per cent in the backdrop of an unsavoury situation in Andhra Pradesh, where many borrowers have committed suicides apparently due to coercive methods adopted by micro finance institutions (MFIs) to recover money. Addressing a select group of newspersons after [...]

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