From the category archives:
Lokesh Singh, CEO of Sanchetna Microfinance responds to Devindar Sharma’s article on Microfinance
Dear Mr. Sharma,
Though as much I like the sympathy that you have for the poor of the country I could not disagree more with you. The article that you have been writing show the shallow knowledge that you have about the entire dynamics [...]
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Devinder Sharma is an Indian journalist, writer, thinker.He is well-known and respected for his views on food and trade policy. Trained as an agricultural scientist, Sharma had been the Development Editor of the Indian Express, the largest selling English language daily in India at that time. He quit active journalism to research on food [...]
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Vikram Akula,Founder of SKS Microfinanc
Name: Vikram Akula
Age: 41
WHO: Founder of SKS Microfinance. The man who took the benefit of banking to 4.7 million poor families. Named by TIME as one of the world’s 100 most influential people.
His Legacy: Showed microfinance can attract private capital and build large scale.
His Big Moment: [...]
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The latest in a series of articles highlighting the supposed ineffectiveness of microfinance is from the Boston Globe
Small change
Billions of dollars and a Nobel Prize later, it looks like ‘microlending’ doesn’t actually do much to fight poverty
In the world of international aid, microcredit is a rock star. The practice of giving very poor people very small [...]
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Vikram Akula’s SKS Microfinance was one of the first to show that private capital could be harnessed to nurture sustainable livelihoods in villages. Today, the company is on the verge of becoming the largest MFI in the world, overtaking Grameen Bank. It is looking at a big bang IPO in 2010. But as the company [...]
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By SUYASH RAI and SONA VARMA The power of finance to transform the lives of the poor is not well understood. Despite recent articles that raise concerns about microfinance, the evidence at large shows that successful microfinance institutions (and their list is growing) have managed to implement service delivery mechanisms that meet the needs [...]
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Vikram Akula responds to the hatchet job performed by the Wall Street Journal on the Indian Microfinance Sector
You can read the wall street journal article here and Vikram Akula’s response below.
Why There’s No Credit Crisis in Microfinance – By Vikram Akula
A recent article in the Wall Street Journal would have you believe there is a [...]
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While our very own RBI Governor D. Subbarao is making hearts flutter with his public display of admiration for Chairman Mao – Read Chairman Mao and Governor Subbarao not too far away in Bangladesh a few decades ago some angry young men started a Maoist frontal organisation called ASA only to see it transform into [...]
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The Wall Street Journal seems to have done a hatchet job on the micro finance sector of India ?
A Global Surge in Tiny Loans Spurs Credit Bubble in a Slum
RAMANAGARAM, India – A credit crisis is brewing in “microfinance,” the business of making the tiniest loans in the world. Microlending fights poverty by helping poor people [...]
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Hasina Bano, a silk-factory worker from Ramanagaram, says that, for her, the most difficult aspect of microfinance is that debts can become public knowledge in the community. So when she got in over her head with loans, she had two big problems: Difficulty repaying, and public shame.
While hers is just one person’s experience, it’s one [...]
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Financial inclusion and my driver Raju
Nearly 80% of the population is without life, health, non-life insurance cover
In April, India had around 403 million mobile users. About 46% of them, or 187 million, did not have bank accounts. My colleague Ravi doesn’t find this surprising. “People can do without bank accounts but not mobile phones. [...]
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Important Note – The Below article is taken from the American Leftist Journal Counter Punch and was published in 2006. Indiamicrofinance.com does not endorse or adhere to the views or opinions expressed in the article posted below.This is purely an information site and this article has been posted as it represents a different opinion.
By ALEXANDER [...]
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