Category: Andhra Pradesh

Battle for the soul of microfinance: Part 4, what profit a man?

20 March, 2012 (09:04) | Andhra Pradesh, Housing, India, Lending, MEEs, Microfinance, Nonprofits, Organizations, Theory |

[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 […]

Battle for the soul of microfinance: Part 3, just as sin entered the world

19 March, 2012 (09:29) | Andhra Pradesh, Housing, India, Lending, MEEs, Microfinance, Nonprofits, Organizations, Theory |

[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, […]

Battle for the soul of microfinance: Part 2, theories of the crime

16 March, 2012 (09:48) | Andhra Pradesh, Housing, India, Lending, MEEs, Microfinance, Nonprofits, Organizations, Theory |

[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 […]

Battle for the soul of microfinance: Part 1, the victims

15 March, 2012 (09:35) | Andhra Pradesh, Housing, India, Lending, MEEs, Microfinance, Nonprofits, Organizations, Theory |

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, […]

The rural chauvinism of microfinance: Part 2, agents in our midst

8 February, 2011 (17:11) | Andhra Pradesh, Cities, India, Lending, Microfinance, Politics, Regulation |

[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 […]