The Times has published a good piece on Grameen Bank founder Md. Yunus growing troubles. Columnist Nicholas Kristof wrote a piece some weeks ago on Grameen and, perhaps, due to his own work on women’s capabilities, he might have spread the word that this is a good story to follow. The Times piece does a […]
The recent news that India’s microcredit industry is in dire straits should trouble Bangladeshi policy makers. Through a combination of credit-overreach and political demagoguery, Indian banks are facing the prospect of a wave of microcredit loan defaults. Given the nearly $4 billion risk exposure that banks have undertaken in entering into the recently booming microcredit […]