Unconditional transfers approaching primetime

Since I first read about unconditional transfers (in Banerjee and Duflo’s Poverty Economics book), I’ve been fascinated about this seemingly this-cant-possibly-work approach to foreign aid. Later I discovered GiveDirectly, a nonprofit organization operating in East Africa that helps families living in extreme poverty by making unconditional cash transfers to them via mobile phone. Last week …

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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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