Microfinance, Microloans and Microcredit
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Comment by chris macrae
Author: chris macrae (21)
Date posted: Wed, 18 Jun 2008 06:40:50 PDT
Edited: Wed, 18 Jun 2008 07:01:08 PDT
Comment on: Simplifying MIcrofinance (0)
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David
These days OI has lots of funds and by all means it may choose to invest some of them in true microcredit. Malawi may be a case though -if I really wanted to find out for that place I would probably pick up the phone and ask the founder of the oldest microcredit institute in malawi.I believe I have correctly identified this here http://www.ned.com/group/econo-p olitics/news/16/29/ though one of the reasons I challenge myself and this community with longitudinal threads is to tell me if you find something even more original there. (Actually when I save some time from hecklers I mean to pick up such a phone anyhow as malawi is a country burnt onto my mind as my 18 yeae all old niece died there in an accident whilst volunteering overseas during her gap year. We all have our own reasons for trying to search ever deeper meaning and contextually true maps however much lowest common denominator threadsters dispute such freedom.
Equally OI has done the exact opposite by creaming out tens or hundreds of millions from its invetsment in taking the mexican compartamentos from mutial owned microcredit institution to stockmarketed one
however the point I would erally like to go back to is if you chnage even one rule in a game you get a whole new ballgame
OI (with its large and costly image-making budgets) has often tried to claim that it preceded the birth of grameen which it did; but it certainly did not invent game rules for purposefully compounding "a bank in a very poorest community owned by the poor community model" that yunus did since 1976 (with Fazle Abed and soon fellow Bangladeshi's of which about 50000 are now franchisee trained to run branches ) , and which since 1997? the microcredit summits have collaboratively performed the world networking record of providing 100 million access to ending poverty in 7 years. Microcredit (and not microfinance) seeks to ensure the true system game rules are transparently known and quality certified http://microcredit.tv