Why There's No Credit Crisis in Microfinance - Conversation Starter - HarvardBusiness.org
A recent article in the Wall Street Journal would have you believe there is a credit crisis brewing in Indian microfinance — that microfinance institutions are indiscriminately over-lending as they seek to maximize profits. But the article’s assertion was based on a small sample of data that’s not representative of the larger industry. An overload of debt among a few individuals, in one slum, in one city, in one state of India hardly constitutes a bubble. It also misrepresents the nature of microfinance in India today.
Here are just a few of the facts:
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