Sunday, November 7, 2010

Current controversy in Indian microfinance

For those of you who still can't get enough of microfinance controversies, the last few weeks have been very interesting with the fall-out from the SKS IPO in India and a subsequent major crack-down by government on microfinance in the Indian state of Andhra Pradesh. The Indian consulting and advisory firm, Intellecap, has published a white paper that provides an interesting perspective on the situation in Andhra Pradesh with important insights for the broader issue of the interplay between for-profit businesses, their poor customers and government agencies trying to provide public-sector solutions. Vineet Rai, the Chairman of Intellecap, has picked up this conversation with an interesting post and discussion thread on the Harvard Business Review blog.
--Prof. Bugg-Levine

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