Displaying all posts from January 2011
A previous post introduced projects that focus on ultra-poor households, in Bangladesh and India. The post ended with a promise to share the results of the impact evaluation of the project implemented by SKS in Andhra Pradesh, India. The results I share here are preliminary. Additional data and finer analyses are on the way, but I wanted to deliver on that promise.
The paperback edition of Portfolios of the Poor: How the World's Poor Live on $2 a Day (Princeton University Press, 2009) is now available.
January 18, 2011
Muhammad Yunus has sparked a new round of debate. In a January 15, 2011 New York Times opinion piece, "Sacrificing Microcredit for Megaprofits," the Nobel Peace Prize winner and founder of the Grameen Bank assails microfinance institutions seeking profit, likening them to the moneylenders he had meant to stamp out.
January 18, 2011
One of the main lessons of recent financial diaries research is that low income often means erratic income. If you live on $2 a day, you don’t get two bucks each morning—you might make money at the beginning of the month and then not see another paycheck until weeks later.
January 12, 2011
Every year after New Years, the Queen of England releases a list of citizens to be recognized for their contributions to society. I was very happy to receive word this morning that Stuart Rutherford -- innovator, co-author, mentor, friend -- had been awarded an OBE, the Order of the British Empire as part of the New Years...
January 11, 2011
Microcredit started with a simple financial product – the idea of group lending. Since then, much work on financial inclusion revolved around refining products. The field has made a lot of progress, but there is still much to do: structuring products that address poor people’s real needs, packaging them with rewards they value, reminders they find useful, and constraints that help them maintain discipline. Moreover, these products need to permit transactions that are sized and timed in a way that is consistent with their cash flows.
January 6, 2011
This post was originally published on the CGAP blog.