The writers might be more enlightened if the industry were more enlighted. The industry is still 90% credit, because that's where the profit is.
Most MFIs see microsavings are too expensive to manage.
Microinsurance is generally nothing but an add-on fee for micro-credit.
We talk about other services, but we put our money and effort into expanding our credit product expansion.
It would be useful to see some figures for what we believe to be:
* number of people with micro-credit
* number of people with TRUE VOLUNTARY micro-savings (and it would be nice to see the numbers for ACTIVE savings accounts)
* number of people with voluntary insurance that does more than just guarantee their micro-loan
Does anyone have a source for those numbers? By country? Regionally? Globally?
Chuck Waterfield
On Jun 12, 2015, at 8:14 PM, DeanMMahon@aol.com [MicrofinancePractice] <MicrofinancePractice@yahoogroups.com> wrote:Yes, the article at first seems to be is somewhat persuasive.However, the title cites microfinance, but the author only speaks of micocredit. I would have thought that, by now, writers and practitiioners would be more enlightened.Dean MahonIn a message dated 6/12/2015 7:26:25 P.M. Eastern Daylight Time, MicrofinancePractice@yahoogroups.com writes:A well-written article, and quite persuasive.
The microfinance delusion: who really wins?
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Posted by: Chuck Waterfield <waterfield@microfin.com>
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