Microfinance reality check

The Wall St. Journal recently published an important article on microfinance (http://blogs.wsj.com/indiarealtime/2015/03/18/calls-grow-for-a-new-microloans-model/). The article wasn’t important because what it said was news. The industry has known for years that very few well-designed studies have been able to detect a measurable impact from microfinance on poverty. No, what was important about the article was that if…

WORM’S EYE VIEW: THE YUNUS PERSPECTIVE

Photo source: Yunus book homepage In an emerging economy like Myanmar, how can development be hastened and reduce, if not totally eradicate poverty? Prof. Mohammad Yunus, Nobel laureate and founder of Grameen Bank shared his experience in a forum in Yangon organized by actionaid, an international NGO, the National Economic and Social Advisory Council (NESAC)…