Lots of articles and blogs worth looking at this week. Everything from Milford Bateman’s take on why microfinance isn’t working to how the Mexican government built rigorous impact evaluation programs into its policy processes. Check it out and please add any must reads we missed via comments.
• How We Choose--Looking at household healthcare choices in the U.S. and India
• IRIN Asia: Microfinance institutions pushed loans, admits BRAC
• "6 microfinance crises that the sector does not want to remember" at Microfinance Focus
• Behavioral Economics and Microfinance: A Review of the Literature
• “Yunus’ unceremonious removal from Grameen Bank does Bangladesh no favours” says Barun Roy at the Business Standard
• "Has the microfinance bubble really burst?" Guest blog by Milford Bateman
• The case for microfinance: responses to Milford Bateman from Malcolm Harper and Thankom Arun
• CNNMoney.com, “In developing economies, equity beats microfinance”
• CGAP series on savings: The Power of Successful, Market-led Savings Mobilization
• Indian Banks Seek Personal Guarantees from Microfinance Executives for Debt Restructuring
• Miguel Székely explains how the Mexican government built rigorous impact evaluation into its policy process
• Andhra Pradesh government may start its own microfinance institution as a channel for credit to SHGs
• “The microfinance industry under the microscope” in The Globe and Mail
Week of April 14, 2011
Great reading this week—a new paper from Jonathan Conning and Jonathan Morduch, an interview with Jane Wales of the Global Philanthropy Forum, an op-ed debate between Professor Bhagwati and The Sunday Guardian's Zafar Sobhan, and more. Add any important links we missed via comments.
- "Microfinance & Social Investment" is a new report by Morduch and Conning that examines age old debates in the sector and more;
- New study of mobile money business case from CGAP;
- “The Ouster of Muhammad Yunus: Can Politics Destroy Grameen Bank?” from Knowledge @Wharton;
- Risk vs. Return for MFIs;
- "I on Poverty" by Jonathan Lewis on the MFI Finca Peru;
- Jane Wales Of Global Philanthropy Forum On The State Of Philanthropy Today;
- New blog from World Bank economists on impact evaluation has some interesting stuff on migration, microfinance, and more;
- Poor still benefit when microcredit reaps megaprofits from The Australian;
- Yunus court drama not over, more to come on May 2nd;and
- “The Real Truth Behind Yunus’ Grameen Story” from Prof. Jagdish Bhagwati and a rebuttal from The Sunday Guardian’s Zafar Sobhan.
Week of April 8, 2011
Stories and debates we read this week that you may have missed or may be interested in.
- The Economist on how the cellphone is swiftly becoming Africa’s computer of choice. And an even longer and interesting read on Digital Africa in Intelligent Life.
- Ignacio Mas, Senor Advisor for the Financial Services for the Poor program at the Bill & Melinda Gates Foundation, on “Making Peer Incentives work for Savings.”
- Nobel laureate loses final appeal to keep job at Grameen bank.
- Yunus court drama not over.
- Professor Jagwati won’t be sad to see Yunus go, check out his take on the situation in “Grameen vs. Bangladesh.”
- The Sunday Guardian’s Zafar Sobhan takes apart Prof. Bhagwati's op-ed against Prof. Yunus.
- Alext Count, President of the Grameen Foundation weighs in on the Pitt vs. Morduch & Roodman debate.
- MIX improves on David Roodman’s post comparing two sets of microfinance interest data.
- A round-up of research on programs targeting the ultra poor.
- Interview with Esther Duflo on her new book and economics of poverty.
- Humanizing insight into the economic lives of the poor from FAI's Jonathan Morduch.
- Pt. 2 of interview with @MicrofinanceWWB CEO: Distinguishing Microcredit From Microfinance.
- Microfinance USA collects 15 groundbreaking books on microfinance & social entrepreneurship. Which have you read?
Week of March 31, 2011
There’s some great reading this week on behavioral economics, mobile banking, over-indebtedness, microinsurance and more. Check it out and if you would like to make an addition to the list, please do so via comments.
- Rachel Glennerster and Michael Kremer on how small incentives can lead to changes in behavior in The Boston Review.
- A response to The Boston Review article: Behavioral economics & RCTs: trumpeted, attacked and parried.
- RisingPyramid article on the link between behavioral economics and development.
- David Bornstein op/ed on "Grameen and the Public Good."
- Wondering what’s happening with Yunus vs. Bangladesh government? Read this summary of the court decision against Yunus, which is now under appeal.
- Q&A with Muhammad Yunus in the Wall Street Journal.
- PBS’ Newshhour on the recent turmoil in Andhra Pradesh.
- Karuna Krishnaswamy provides some insights into over-indebtedness using fresh data from India on the CGAP blog.
- Ever wondered about the history of microfinance in the U.S.? Wait no longer. The Opportunity Fund produced an eye catching and informative brochure answering your questions.
- A selection of research papers on the microinsurance revolution.
- Microfinance Horizon: Income Shocks and Household Risk-Coping Strategies: Evidence from Rural Vietnam
- Gates Foundation’s Jake Kendall on Small Business Might Be Big Business for Mobile Money.
- Driving Customer Usage of Mobile Money for the Unbanked.
Week of March 25, 2011
Lots of interesting articles and events this week. Check it out and please add any additional links that you think are important via comments.
- "How small incentives can lead to changes in behavior" (from the Boston Review)is the article du jour in the development community. See what the fuss is all about. Then read Chris Blattman’s response.
- The latest news: Bangladesh yields to international pressure, calls for compromise with Yunus.
- Does microfinance work? David Bornstein sifts findings from Portfolios of the Poor in the NYT.
- Felix Salmon on How the Public Sees Microfinance.
- Buying insurance more convenient than ever. If you live in Ghana.
- The World Bank and IMF halt loans to Bangladesh, but some diplomats suggest that this is partially due to the removal of Muhammad Yunus from his position as managing director of the Grameen Bank.
- Mobile Banking is still hot—a review of the literature.
- Price structures are holding back the reach of mobile banking.
- Common mistakes made by economists, from @EzraKlein.
- Calling all wonks: 40 years of the Brookings Papers, now downloadable for free.
- Scientific American article on “Can cash incentives keep people healthy?”
- More on Unitus/SKS debate from Seattle.
- Morduch and Collins on US Financial Diaries at Microfinance USA.
Week of March 18, 2011
Here’s what we’ve been reading over the past two weeks! Feel free to add any that you think are missing via comments.
• More evidence for the link between microfinance and health.
• An overview of econometric approaches to measuring the impact of microfinanceand FAI’s Jonathan Morduch’s response to the paper.
• David Roodman also reminds us that there is no clear evidence that microfinance reduces poverty and references a paper co-authored with FAI’s Morduch.
• Timothy Ogden on the downside of microfinance’s focus on women and girls.
• Elisabeth Rhyne at CFI-ACCION on 3 microfinance industry efforts to raise standards.
• 13 key institutions in microfinance industry sign open letter supporting Muhammad Yunus.
• David Roodman offers 5 angles on the Grameen/Yunus microfinance scandal that the media haven't covered.
• National India microfinance law might nullify repressive Andhra Pradesh one.
• Good overview of what’s happening in Indian microfinance from the Indian Development Blog.
• How do the poor get by in Malawi? 5 million data points from new financial diaries.
• Measuring cross-indebtedness - new evidence from Latin America.
• Half of Americans Lack Financial Safety Net.
• Playspent asks: Can you make it through a month, tapped out and unemployed? Try it, you’ll be surprised by the results.
• Even economists can be fashionistas. Portfolios of the Poor co-author Daryl Collins profiled in Elle magazine.
Week of March 2, 2011
Here’s our shortlist of links (in no particular order) that we thought were interesting or relevant to the microfinance sector. This is by no means a complete list, so if we missed something important, please feel free to add it in the comments. And if you’re looking for a media round-up of the Yunus-Bangladeshi government dispute, check out Financial Access Initiative in the News.
- CGAP is doing a very interesting blog series on over-indebtedness. Here are a few of the contributors we thought were interesting:
- Insights from Stuart Rutherford on over lending in Bangladesh.
- Shameran Abed from BRAC provides a practitioner's perspective on over-indebtedness.
- Rochus Mommartz from responsAbility discusses what can one do about over-indebtedness when 'it's as old as lending itself'.
- Esther Duflo’s & Abhijit Banerjee's new book, Poor Economics, has launched with a great companion site.
- Dean Karlan and Jacob Appel also have a new book out, More than Good Intentions. Check out this great review at Miller McCune.
- Interesting report on -- Does Credit Improve the Food Consumption Vulnerability of the Extreme Poor?
- FAI-NYU Visiting Scholar Michael Clemens explains what is rigorous impact evaluation in under 6minutes!
- More food for thought whether you agree or not -- Five reasons why microfinance is in crisis - and why it matters.
- The new MIX Market analysis on social performance and financial data for microfinance in West Africa.
Week of February 22, 2011
In the past two weeks alone CNN, BBC, and the Guardian, not to mention countless other media outlets around the world, have been reporting on the ongoing feud between microfinance pioneer Muhammad Yunus and the Bangladeshi government. While the Bangladeshi government continues to pressure Yunus to leave the top post at Grameen, some researchers and practitioners have continued to dig more deeply to better understand the financial lives of the poor and evaluate tools, mechanisms, and strategies to alleviate poverty. Here are some of the ideas and research circulating in the blogosphere:
• From The Guardian: "Can microinsurance protect the poor?"
• David Roodman looks at microfinance impacts in Africa and examines Milton Bateford’s arguments re: who is to blame for indebtedness
• Robert Townsend delves into the financial lives of the poor in Thailand
• Gina Harmon, president and CEO of Accion discusses the economic imperatives of scaling microfinance in the U.S. in the Huffington Post
• Visa and humanitarian groups partner to improve aid disbursement
• Stuart Rutherford and FAI’s Jonathan Morduch discuss the importance of microsavings
• David Roodman and Barbara Cristina S. debate financial access and the poor
• Matthew Bishop and Felix Salmon debate the value of for-profit microfinance
• The World Bank examines why so few farmers want rainfall insurance
• Andrew Sprung on the Smart Campaign to launch a certification program for client protection
• Interesting analysis of potential impact of microfinance caps in “Sacrificing Microcredit for Unrealistic Goals”
Week of April 4, 2010
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4/7: Microfinancing change live around the world--measurably: http://bit.ly/d1PPgr#microfinance
4/7: What's Next in Financial Services for the Poor? An Interview with Brigit Helms, CEO of Unitus http://shar.es/mq2Qi #microfinance
4/6: A chapter by chapter review of Portfolios of the Poor: http://bit.ly/ds3lGH#microfinance
Week of March 28, 2010
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3/30: New NPR report on #microfinance in the US: http://bit.ly/asgCiH
3/30: Live Mint calls Portfolios of the Poor "a useful read for policymakers": http://bit.ly/cpS3E6 #microfinance
3/29: Microinsurance Summit comes to Miami http://bit.ly/bBrpje