I wrote yesterday about turmoil within the anti-poverty movement known as microfinance, centered in India but with reverberations here and worldwide.
David Roodman at the Center for Global Development knows a lot more than me about microfinance. Here’s Roodman’s post re the travails of India’s biggest anti-poverty bankers.
And here’s something today from the Hindustan Times, focused on trying to bring some calm to the maelstrom in Andhra Pradesh, India, where that country’s biggest microfinance organization SKS is based. The Financial Times warns of microfinance collapse due to the political crackdown.
And to show you weirdness in microfinance is not just a South Asian phenom, this somewhat dated (but still relevant) post from Roodman explains why “Kiva is not quite what it seems.” It’s also worth reading.