Developing Affordable Housing Ecosystems World Wide
By: David A. Smith As an epicurean banker should have observed, some things utterly unscalable can be sustained in miniature – as revealed by this curiously ambivalent Boston Globe article on a MassHousing-administered helping hand to a lucky few: Shouldn’t all borrowers look this presentable? Boston Globe: Jean Marie Sideris purchased this Cambridge [...]
[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 [...]
[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 [...]
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 [...]
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