Tag Archive For "savings"
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 …
Psychology of Savings – How the Poor Save to Buy Fertilizer
In chapter 8 (Saving Brick by Brick) of Poor Economics, Banerjee and Duflo delve into the subject of savings – the psychology behind why a majority of the poor find it incredibly hard to save and how they are caught in a catch-22 situation. Savings is less attractive for the poor, because for them the …
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