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Paper on Microfinance and Resistance to Economic Hardships

While much attention has been given to microfinance and its positive benefits when things are going well, a paper recently published by Serajul Hoque, graduate associate at the Department of Economics at Monash University in Australia, shows that such initiatives may actually help people be better off when economies stumble as well.

From Microcapital.org:

Published in January 2008, the paper is based on a RAND survey conducted over four years, and suggests a possible relationship between a household’s membership in a microfinance program, specifically the Bangladesh Rural Advancement Committee (BRAC, previously reported), and an increased ability to financially withstand economic hardships.

Entire article is here.

Vinay Ganti

Vinay is in his fourth year of a four year JD/MBA program at the New York University School of Law and the Leonard B. Stern School of Business in New York City. Prior to coming to New York, Vinay graduated from Brown University, worked in technology transfer as a consultant and also founded a financial literacy program for underprivileged youth. Currently, Vinay is an InSITE Fellow for Venture Capital and Innovation. His primary interests are in the social venture capital investing space and its role in transforming micro-businesses into globally competitive SMEs. After school, Vinay wants to create novel ways to provide clean energy & water to the world’s poor.