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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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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