Where Angels Prey

Where Angels Prey is a novel by Ramesh S Arunachalam. Please refer to www.whereangelsprey.com for more information

Monday, November 21, 2011

Lessons from the commercial micro-finance model in India

Ramesh S Arunachalam

Fresh perspectives and radical (systemic) changes are required for developing an enabling micro-finance regulatory and supervisory mechanism that can really work on the ground for the benefit of large numbers of low income people

reported last week that charges of serious misreporting and mismanagement have again surfaced in the public domain with regard to Indian micro-finance. Specifically, the article reported that Sahayata Microfinance Pvt Ltd, which was the darling of so many investors, lenders and stakeholders had apparently gone astray - with its now suspended CEO and senior management supposedly involved in serious misreporting and mismanagement. (http://www.moneylife.in/article/award-winning-sahayata-microfinance-is-the-latest-to-go-astray/21549.html)

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1 comment:

  1. Ramesh, fantastic article. Your diagram is particularly helpful and illustrative, and I fear I may have to borrow it (and cite, of course) for my dissertation! How long will your series of posts for Moneylife continue? And, are you ever getting answers to your very poignant questions? I would really like to learn whether there was actually no sense of unease in the RBI at these growth rates... Best, Phil