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Borrowing from MFI to save for daughter’s dowry?

SKS Microfinance Ltd, India’s largest and only listed microlender, said its losses widened in the second quarter from the preceding three months as repayment rates in Andhra Pradesh, its biggest market, plunged after a local law restricted lending and recovery. The Hyderabad-based lender posted a loss of Rs. 384.54 crore in the three months ended […]

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Does Microcredit work for the urban poor? Banerjee and Duflo Answer

In chapter 7 of Abhijit Banerjee and Esther Duflo’s Poor Economics, they delve into the economics of lending to the poor and, among other things, proceed to answer the question “Does Microfinance work for the poor?” The answer depends on the definition of “work”. Banerjee and Duflo (B & D) found that no independent research […]

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Srijan Kaushik (in front of the chai-shop where we last chatted in person)

No-frills Savings: MFIs have a case to make

[Editor’s Note: It’s a pleasure to bring you TechSangam’s second guest writer – Srijan Kaushik. After graduating from DAIICT (Dhirubhai Ambani Institute of Information and Communication Technology) in 2007, Srijan has been working in Bangalore-based Ujjivan – a Micro Finance Institution (MFI) ¬†focused on urban poverty alleviation. He works on financial product design and development […]

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Field agent Rathna hard at work (with the Artoo Slate)

Creating a killer user experience for the MFI field agents

[Editor’s Note: Earlier this week, I spent a few hours chatting with Sameer Segal at his cozy rooftop office digs in HSR Layout. Sameer is the Founder & CEO of one-year old Artoo, a startup with a vision of a “Paperless Microfinance” world with reduced delays and dramatically reduced expenses via its flagship Android application […]

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