India: Micro-Finance Gone Awry

December 30th, 2010
in Background

The Economic Times:  The year 2010 was not good for Microfinance Institutions (MFIs). They entered the year on a high. Growth rates were dizzying. Players were readying to raise money from capital markets.

Follow up:

The segment was getting hosannas for being virtually the only financial intervention by the formal sector that reached the poorest of the poor. And now, as 2010 roils to a close, the MFIs are staring at heavy losses in its largest market, Andhra Pradesh, an uncertain regulatory future, and a greatly tarnished image.

What went wrong? The year began poorly for the MFIs with the RBI deputy governors telling that that the central bank was aware of the extent of benami loans being given by MFIs, the practice of writing off bad loans and sloppy corporate governance in some of the entities. That was in January.  Read more.....

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved