Criticism of Microfinance

A compendium of voices on the Andhra Pradesh Microfinance crisis

Posted on November 08th, 2010 in Andhra Pradesh Government, Andhra Pradesh Microfinance, andhra pradesh microfinance crisis, ap microfinance, APMAS, BASIX Microfinance, Criticism of Microfinance, Financial Services India, India Shares, MFIN, Microfinance Articles, microfinance debt trap, microfinance regulations andhra, microfinance supervision, Nabard India, regulation of microfinance, Reserve Bank of India, SERP, Vijay Mahajan

andhra suicide microfinanceBy Philip Mader As India celebrates Diwali this week, the debate about how to deal with microfinance has calmed a bit. But since I wrote up my analysis of the root causes Andhra Pradesh showdown (part 1, part 2), the news has taken few further twists. Here’s an update: Vijay Mahajan, Chairman of BASIX and speaker [...]

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Andhra Pradesh Microfinance Institutions Ordinance 2010 comes into force

Posted on October 15th, 2010 in Andhra Pradesh MicroFinance Institutions Ordinance, Coercive Lending Practices, Criticism of Microfinance, District Rural Development Agency, India Shares, Microcredit Ordinance India, Microfinance Bill India, Microfinance India, microfinance institutions in india, Microfinance Regulations, Registering Authority, regulation of money lending, Rural India, SKS Microfinance

Microfinance Ordinance Andhra 2010Today the Governor of Andhra Pradesh Governor E S L Narasimhan gave his assent to the Andhra Pradesh Microfinance Institutions (regulation of money lending) Ordinance, 2010 thus making it into a law which would come into effect immediately. The exact details and scope of the ordinance are still not clear and it is expected to [...]

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Response to Microfinance Article of Devinder Sharma

Posted on January 01st, 2010 in Criticism of Microfinance, Devinder Sharma, India Shares, Microfinance Article, Microfinance Articles

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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Microfinance India News Digest – 23/10/2009

Posted on October 22nd, 2009 in Compartamos, Criticism of Microfinance, India Microfinance, India Shares, mChek, MFI's in India, Microfinance Mobile, Problems with Microfinance, SKS Microfinance

Microfinance on mobile:
mChek says it has the key .Unlike in earlier other trials, mChek aims to empower the borrower rather than the loan collector, so she can maintain a bank balance and make other mobile transactions such as utility bill payments as well
E. Shantha, 32, earns just Rs1,500 a month cooking in an eatery [...]

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