SKS Microfinance

Basics
0 Mysterious microfinance firm re-emerges

Clay Holtzman, in his new blog Nonprofit Kingdom, notes that a year ago the Seattle microfinance firm Unitus closed its doors, laid off most of its staff and didn’t really tell anybody (including some major donors) why it did so. Unitus, which had claimed its primary mission was to help…

Basics
0 Has India jinxed microfinance?

The anti-poverty scheme known as microfinance is in crisis, or maybe several crises. The political sacking of Muhammad Yunus as head of the pioneering Grameen Bank, allegations of loan-shark profiteering by some microfinanciers and suicides of poor people caught in “debt traps” have led to a drumbeat of negative media…

World Politics
2 Yunus Watch: Microfinance pioneer further piled on

I’m sorry to reveal a bias here, but all these attacks and critiques of the Bangladeshi economist and Nobel Peace Prize-winning pioneer of microfinance, Muhammad Yunus, appear to be so obviously opportunistic (if not an outright smear campaign), I can’t figure out why smart people just keep piling on. As…

Basics
0 Microfinance, subprime loans and baseball

Is Microfinance the New Subprime? That’s the provocative title of a new article in the Harvard Business Review by financial journalist Barbara Kiviat and New York University economist (and author of Portfolios of the Poor) Jonathan Morduch. The subtext of the question is the implication that, like those sub-prime mortgage…

Basics
4 Turmoil in microfinance continues

The struggle for the image, if not the soul, of microfinance continues. Overview: Microfinance was created to help the poor by Muhammad Yunus, who won the Nobel Peace Prize for the scheme. Since then, many others have adopted it and some have changed the approach to become more profit-oriented –…

Human Rights
0 Microfinance vs. Loan-Sharking

For those of you, like me, who weren’t able to make it to the Clinton Global Initiative in New York City last month, I wanted to draw your attention to a great debate about microfinance. Below is a video — “Profiting from the Poor?” — in which Nobel Peace Prize-winner…