Criticisms

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How do we go from here?

I read Atanu Dey’s take on Innovation and Entrepreneurship in India in response to a question put forward by Sramana Mitra on her blog Why is the entrepreneurial ecosystem in India not coming together as well as it needs to?

Atanu makes a…

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Back to the drawing board? — A harsh look at microfinance

To start, I want to say that my mind has been racing despite sleep deprivation and jet lag since I touched down in Mumbai at 0135 IST this morning. This is the first I have set foot in India since…

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To Profit or Not to Profit

According to Mr Chu, “to roll back poverty rather than to merely alleviate it”, any solution needs to be able to reach massive numbers, deliver permanent results that can help many generations, provide continuous effort so it gets better and…

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On Bailouts, Boons and Bill Clinton

So living in New York City has made it damn near impossible to not be wrapped up in the minute by minute saga that is the US financial crisis. Moreover, the fact that here at Stern Business School, over 50%…

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And then there were a few

So, it looks as though many smaller MFIs will now become absorbed by the larger players as the microfinance sector is expected to enter into period of substantial consolidation within India. According to Microcapital.org,

The sector, which has lent close to…

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Ceding the floor to the other side, even if just for a moment

The greater point is that not all products and services are the same, and in some cases creating sustainable markets may be all but impossible. Though it is certainly not “ideologically attractive,” I strongly believe Kremer and Miguel are correct…

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Is Urbanization Really The Answer?

Atanu Dey’s article and analysis on the Urbanization and Development of India lends itself to interesting opinions and conclusions on an important topic that encompasses many cross-cutting issues. Dey follows the model of linear development in his conclusion:

Therefore the rural people…

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Stern words for climate change and development

Made famous by the epynomous report on climate change, Sir Nicholas Stern spoke recently on the need to reframe the climate change debate through the lens of development. He said that the two were tied at the hip. Here is the…

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TC-I Tidbits

Your daily dose of headlines:

  • Mobile bank: HDFC plans to unveil its pilot mobile bank branch with an ATM aimed at microfinance clients. While the term mobile bank here differs from what we envision with regard to the use of mobile phones,…

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MFIs tend to lose focus as they ‘evolve’

A new report released by the Women’s World Banking (WWB) observes that as many microfinance institutions transform from non-profits to traditional financial intermediaries, they tend to shift away from their original focus on helping poor women and instead focus on making…