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Tag Archives: AP crisis

Killing microfinance to say they saved the poor

Vivek Nemana is an NYU graduate student and a student worker at DRI.

It’s official: Indian politicians have agreed to regulate the private microfinance sector…by choking it in a tangle of bureaucracy and corruption.

As everyone from David Roodman (on this blog) to the Cambridge randomistas (in the FT) has been saying, Indian microfinance needs reform, not a roundhouse kick to the face. But now the state of Andhra Pradesh…

Posted in Aid debates, Financing development, In the news, Organizational behavior | Also tagged 5 Comments

A Subprime Crisis for the Poorest?

Vivek Nemana is a graduate student in economics at New York University and works for DRI.

The impending collapse of the microfinance industry in Andhra Pradesh, one of India’s largest states and a major hub of microfinance, is the ultimate example of a silver aid bullet…not being a silver aid bullet at all. The New York Times reports:

India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of

Posted in In the news | Also tagged 21 Comments