Chuck,
I applaud you for making this presentation to a group of practitioners and for clearly highlighting the problem that Microfinance has "lost its way" fulfilling the original intention of helping the poor instead of making excessive profits from them. I have always felt that excessive interest rates are not only a way to create excessive profits, but are also frequently a disguise for inefficient operations with excessive costs (e.g., overstaffed institutions). I have always respected the work you have done and your contribution, but especially your creation of Microfinance Transparency which has attempted to show the clients the true cost of their borrowing when the true cost is often cleverly disguised. Keep up the good work and I hope that this presentation and many others you have made will finally result in some changes in the industry so that it returns to its original social mission. Abrazos, Lon
__._,_.___
Posted by: Mahlon Barash <mbarash@yahoo.com>
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (11) |
WARNING! If you hit REPLY, your message will go to the entire listserve, not just the original author!
.
__,_._,___
No comments:
Post a Comment