Tag: favorites

 

Akula v. Yunus: Commercial Microcredit = Just Profit or Unjust Profiteering?

Blog Post

Did you catch the microcredit debate at the Clinton Global Initiative conference last Tuesday? OK, I wasn't invited to the ex-president's annual gathering either. But, rather amazingly, I watched the debate live on my Droid while being a soccer dad. You can watch the whole thing at the bottom of this post. It was a good show. It put on one stage the two leading (disagreeing) voices in the hottest controversy in microfinance.

Kiva Is Not Quite What It Seems

Blog Post

Kiva is the path-breaking, fast-growing person-to-person microlending site. It works this way: Kiva posts pictures and stories of people needing loans. You give your money to Kiva. Kiva sends it to a microlender. The lender makes the loan to a person you choose. He or she ordinarily repays. You get your money back with no interest. It's like eBay for microcredit. You knew that, right? Well guess what: you're wrong, and so is Kiva's diagram. Less that 5% of Kiva loans are disbursed after they are listed and funded on Kiva's site.

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