Category: David Roodman

Indian microfinance, the definitive investigation: Part 3, Verdict

15 December, 2010 (11:31) | Andhra Pradesh, David Roodman, Global news, India, Interest Rates, Microfinance, Regulation, Theory, Underwriting | 1 comment

[Continued from yesterday's Part 2 and the preceding Part 1.]   By: David A. Smith   In the first two-thirds of his terrific post, When Indian Elephants Fight, David Roodman of the Center for Global Development has done first-rate work uncovering not only the market facts – bad behavior by microfinance institutions in Andhra Pradesh […]

Indian microfinance, the definitive investigation: Part 2, Defense

14 December, 2010 (12:55) | Andhra Pradesh, David Roodman, Global news, India, Interest Rates, Microfinance, Regulation, Theory, Underwriting |

[Continued from yesterday's Part 1.]   By: David A. Smith   Yesterday’s post closely tracking David Roodman‘s terrific essay, When Indian Elephants Fight, made the prosecutor’s case, that Indian MFIs had grown too fast, missed structural problems with their borrowers’ economies, and tried to blow off potential regulatory restraining actions.  Damning stuff indeed, if that […]

Indian microfinance, the definitive investigation: Part 1, Prosecution

13 December, 2010 (16:26) | Andhra Pradesh, David Roodman, Global news, India, Interest Rates, Microfinance, Regulation, Theory, Underwriting |

By: David A. Smith   “Microfinance needs to be a supervised product but as it becomes larger, it can lose being a supervised product.” – Babar Kabir, BRAC   Sitting in judgment?   Though it hasn’t made the front pages the way our global capital meltdown has, as I’ve previously written, the microfinance crisis in […]