Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 3 and the preceding Part 2 and Part 1.] By: David A. Smith As we’ve seen in previous parts of this post, it was bad enough for microfinance that in late 2010 a political firestorm broke in Andhra Pradesh stemming from allegations of borrowers being driven to suicide by unscrupulous for-profit debt [...]
[Continued from Friday's Part 2 and the preceding Part 1.] By:David A. Smith A year and a half ago, the business of microfinance in India imploded after incendiary newspaper stories implied that loan collectors were driving borrowers to suicide. In this photo taken Feb. 14, 2012, Sunita, 22, right, and her daughter Shwetha, [...]
[Continued from yesterday's Part 1. ] By:David A. Smith As we explored yesterday, a year and a half ago, in the Indian state of Andhra Pradesh, an economic epidemic broke out: microfinance borrowers, swept up in a fervor fueled by elected officials and media reports of unscrupulous, ought-to-be-criminal collection intimidation and harassment, as reported [...]
By:David A. Smith Borrowers’ ability to repay loans is the cornerstone of lending, both as a business model and in its morality – when large numbers of borrowers fail to repay, both are called into question: In this photo taken Feb. 14, 2012, Shwetha, 5, sits on the lap of her mother Sunita, [...]
[Continued from yesterday's Part 1.] By: David A. Smith Yesterday’s post analyzing a fact-filled and insightful Microfinance Focus piece by Daniel Rozas (co-authored with CGAP’s Karuna Krishnaswamy) revealed that anti-lender bias is a natural outgrowth of the rural romanticism that dominates global development finance. Thus elected officials pumping up their vote banks are [...]
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