Posts Tagged ‘interest rate’

Microfinance Focus, Oct 29, 2010: Brinda Karat, Member of Parliament and Communist Party of India (Marxist) Polit Bureau member called on Andhra Pradesh Chief Minister K. Rosaiah, urged him to fix a cap on the interest rates charged by the MFIs. “The ordinance promulgated by the State government will not serve any purpose unless such a provision is made.” Criticizing the Union government and the Reserve ... Full story

By Srikar Gullapalli,  Microfinance Focus, June 16, 2010: Despite being a constant subject of criticism, Moneylenders continue to be the lenders of last resort for the poor. Their matchless flexibility of lending big amounts at the oddest hours, gives them an unbeatable edge over microfinance and commercial banks. With no collaterals, no joint liability groups and no compulsions of weekly repayments; moneylenders do give poor an ... Full story

Microfinance Focus, June 11, 2010: The virtual conference based on the book ‘Portfolio of the Poor: How the world’s poor live on $2 a day’, conducted on June 8-9 by MicroSave and Financial Access Initiative (FAI) attracted hundreds of industry experts. The two days conference was moderated by its co-authors Stuart Rutherford, Daryl Collins, Jonathan Morduch, and Orlanda Ruthven, and ... Full story