Further media coverage of ‘Vulnerability’

Today, Campaign director Larry R. Reed facilitated a webinar hosted by the Sustainable Microenterprise and Development Program (University of New Hampshire) as part of their 2013 webinar series. Larry was joined by panelists Chandra Shekhar Ghosh (Chairman and Managing Director, Bandhan, India) and Luisa Brunori (Full Professor, Department of Psychology, University of Bologna, Italy) in an an interactive session on the key themes of our new publication Vulnerability: The State of the Microcredit Summit Campaign Report, 2013.

A recording of the webinar will be available online later this week.

See below for further media coverage of the report.

FRANCE

Microloan recipients decline for first time: study
Agence France Press (AFP)
February 5, 2013
The number of the world’s poor people who benefited from small loans has declined for the first time as purported abuses in India cast a shadow over the “microfinance” industry, a study said Tuesday. The report called for microlenders to find ways to be more effective, including by tightening rules on accountability and by embracing mobile technology to better reach the world’s desperately poor. Read more.

BULGARIA

translated from the original
Over 2012, people have fallen around the world who take microcredit
Dnevnik
February 5, 2013
The number of poor people using microcredit in the world fell for the first time since the revelations about abuse, according to a study that was published today in the U.S. and cited by AFP. Read more.

INDIA

Microfinance to the world’s poorest falls, India’s Andhra Pradesh leads drop
The Indian Express
February 6, 2013
“Most of these reductions come from Andhra Pradesh, where fast growth led to overlending, cases of harsh collection practices, and heavy regulation from the state government. Many MFIs and banks stopped lending to microfinance clients and self-help groups as a result,” the report said. Moreover, there is investor wariness as banks and other investors in India and other countries curtailed their investments in microfinance. Read more.

NEPAL

EDITORIAL: Target poverty
The Himalayan Times
February 6, 2013
…The utility of micro-credit is immense as it builds self-confidence and self-entrepreneurship which helps in meeting the concerned families’ need of their children’s education, health services, housing and food among others. And, the benefits of micro-finance has been proved. But, when the said institutions go for the mission drift, the poor families who could have benefitted do not have access to the credit which could change their standard of living, meet the family needs and also generate savings. The micro-finance institutions ought to be reined in and follow the path as dictated by the reasons for their establishment. Fair play has to be the working style of such institutions. Read more.

CANADA

Access to small loans at a low in developing nations
The Star
February 6, 2013
…The campaign says there are a few main reasons and none of them are easily solved.
Microfinancing institutions and investors aren’t targeting the right areas – they often tend to go to places already serviced. The right statistics aren’t being gathered to figure out where the need is and it is expensive to get to remote areas. Read more.

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