Nigeria: 2011 in retrospect, Microfinance Banks Score Sector high
Despite the shaky start of 2011 due to the tsunami that engulfed the microfinance sector in the last quarter of 2010, which led to the liquidation of 103 microfinance banks (MfBs) by the regulatory bodies, MfB operators have rated their efforts at providing access to finance and enhancing financial inclusion above average, saying these were signs that they are on the right path.
Small Business Story of the Year: The Rise of Alternative Lending
Supporting small business was among the top economic stories of the year, and the rise in lending to those growing companies was the most important development in 2011.
Source: Home Wealth Project
Philippines: BSP Raises Ceiling on Micro-Credit
The Bangko Sentral ng Pilipinas (BSP) has raised the existing cap on microfinance loans to allow banks to provide more financing to clients.
Bangladesh: Yunus Seeks Review of Dismissal Verdict
Bangladeshi Nobel laureate Muhammad Yunus today sought a review of an apex court verdict that unseated him earlier this year from his position as the chief of the Grameen Bank, the pioneering micro lending agency he had founded three decades ago.
India: 10 Million Poor Rural Borrowers in Andhra Pradesh may Soon be Labelled Defaulters
Even as the Reserve Bank of India (RBI) attempts to address a large part of the concerns of the Andhra Pradesh government pertaining to the microfinance sector through a comprehensive regulatory framework, millions of rural poor borrowers in the state are running the risk of losing access to formal credit.
Source: The Economic Times
Microfinance: Is it Time to Write off Group Loans?
Microfinance institutions across the world are moving from group lending to individual lending. Yet, there is not much rigorous evidence on the borrower impact of both types of microcredit to either support or challenge such a strategic shift. This column presents such evidence from a randomised field experiment in Mongolia.
New Success Model for Microfinance: A Matter of Trust |
Professor Bill Dickens and Matt Jordan, AS '11, are using game theory to gain a better understanding of the economics of microlending and why it is more successful in some countries.