Wednesday, August 26, 2009

bottom of the pyramid in trouble?

aug 26th, 2009

microfinance is the new sub-prime crisis? bottom of the pyramid collapsing? so say wsj, economist.
 

3 comments:

Kalidasa said...

I actually read this and there was also a letter to the editor who basically bashed the writer of the article for providing incomplete information...this was from another microfinancing company, CEO or director to that effect...there is a 98-99% loan payback...

it made pretty interesting read, will send more details later

san said...

The WSJ article shows that Islam was created as a theological form of socialism. Certainly, socialism didn't suddenly begin with the birth of Marx.

Kalidasa said...

I was able to find the letter FREE on online WSJ, http://online.wsj.com/article/SB10001424052970204683204574358321561989110.html

Vikram Akula, SKS microfinance pooh poohs the story!