tag:blogger.com,1999:blog-7182576430045656062.post7890065183674703243..comments2024-02-25T13:47:07.003+05:30Comments on Candid Unheard Voice of Indian Microfinance: Triple Jump’s Response to Hugh Sinclair’s Book: Does It Raise More Questions than Provide Credible Answers?Ramesh S Arunachalamhttp://www.blogger.com/profile/09264606020720529040noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7182576430045656062.post-10605310470113096292012-08-03T21:05:40.801+05:302012-08-03T21:05:40.801+05:30Thanks Phil for your kind words
I try and do my b...Thanks Phil for your kind words<br /><br />I try and do my best to make sure that we have good solid evidence for claims we make. If we have this evidence, I consider the claims to be good and fit to be acted upon. If not, I leave the claims and move on!Ramesh S Arunachalamhttps://www.blogger.com/profile/09264606020720529040noreply@blogger.comtag:blogger.com,1999:blog-7182576430045656062.post-805940038493725122012-08-03T19:45:26.221+05:302012-08-03T19:45:26.221+05:30Hi Ramesh,
It's a delight to watch your detec...Hi Ramesh,<br /><br />It's a delight to watch your detective work following up the allegations in Hugh Sinclair's book. Indeed, the first response by Triple Jump looks formulaic, but the second is actually "demonstrably false", to use's own words! How is the informed decision to invest in an illegal and (by verdict of the NYT) also unethical MFI supposed to be "neither relevant for the industry as a whole nor for the way Triple Jump operates"? Unless TJ can demonstrate that its investment decision processes and logics were different 5 years ago (and thereby admit that 5 years ago they were not up to par) the "episode" is highly relevant for any discussion about how the microfinance sector operates today; to what extent investments are made on ethical or economic criteria; to wit: to what extent poverty reduction matters in microfinance investing.<br /><br />I look forward to seeing if you can find out anything more. The very least TJ must do is prove that (a) either the rating report and the other evidence was false, or (b) that their investments were a singular lapse and are not representative of their usual processes. The current state of denial does not make their position credible.<br /><br />PhilPhilhttp://governancexborders.com/noreply@blogger.com