Posted on March 10, 2011 by

Microfinance DOES Improve the Lives of the Poor. Just Ask Them.

Rick Desai Microfinance

All good things must come to an end, right?  I hope that’s not the case for microfinance even after the industry endured a tumultuous 6 month stretch.  A wave of farmer suicides in India were attributed to  unbearable debt obligations funded  by micro loans from microfinance institutions (MFIs).  Among those implicated was SKS, the darling NGO-turned-publicly-traded-and-extremely-profitable MFI. Read More