Zidisha Turns Microfinance on its Head

While conducting fieldwork for a microfinance organization in West Africa in 2006, Zidisha Microfinance founder Julia Kurnia noticed something startling. Loans that were funded at zero interest by well-meaning participants at popular microlending websites were costing the impoverished beneficiaries more than 35% on average in interest and fees. The exorbitant rates were charged by the local intermediary organizations that administered … [Read more…]

The Global Implications of India’s Microcredit Crisis: May 9th

Global Washington is hosting a discussion with microcredit experts on the current crisis in India, its causes, and its implications for the microfinance industry worldwide. Many experts are considering the current crisis India to be microfinance’s most serious challenge in the industry’s short history.The government of Andhra Pradesh proposed an ordinance that would place strict … [Read more…]