Posts Tagged ‘ microfinance ’

Bosnia’s post-war microcredit experiment: How to destroy an economy without even trying

October 3, 2011
Milford Bateman
Bosnia’s post-war microcredit experiment: How to destroy an economy without even trying

After nearly four years of bitter conflict, in 1995 the small Balkan country of Bosnia became the location for an experiment in the operation of a microcredit-driven post-war reconstruction and development program.
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Posted in Economy, Political Economy | 13 Comments »

Microcredit doesn’t work – it’s now official

September 20, 2011
Milford Bateman
Microcredit doesn’t work – it’s now official

The concept of microcredit — tiny microloans used to help establish or expand income-generating informal microenterprises — was for most of the last 30 years seen by the international development community to be the perfect self-help answer to poverty, unemployment and under-development.
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Posted in Economy | 31 Comments »

Microcredit in Bangladesh: half full or half empty?

December 14, 2010
Matiur Rahman
Microcredit in Bangladesh: half full or half empty?

Group-based microlending is not a new concept. Jonathan Swift inspired it in Ireland in 18th century. In the then East Bengal, Nobel Laureate Rabindranath Tagore (also a landlord) and Leonard Elmhirst (an agricultural economist) set up Rural Reconstruction Institute in 1921
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Posted in Economy | 12 Comments »

A piglet went to market

November 14, 2010
Farooque Chowdhury
A piglet went to market

A piglet’s journey to market in October, 2010 helped expose the other face of microfinance that promised to make poverty archaic. A bdnews24.com/Reuters news report, datelined Vladivostok, Oct. 15, said: The seven-month old piglet’s journey to holy market was to pay off a woman’s micro debt of $432 to a bank in Russia, part of...
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Posted in Economy | No Comments »

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