In 2009 I bought a 5-year bond issued by IFFIm – the International Finance Facility for Immunisation. I invested £5000 and received £5810 a few days ago (with accumulated interest). Not the best return on capital in history, but not … Continue reading
[This is a detailed review of an academic paper. For a summary of this blog-post, click here]. A recent paper has attracted attention, likely to garner support from microcredit supporters. Firstly, it was written by prestigious academics from well-known institutions … Continue reading
Introduction A reading list produced by the Center for Financial Inclusion (aka Accion) was recently re-Tweeted. It is boldly entitled “5 Great Books About Microfinance and How the Poor Use Money”. The list is bizarre to anyone with a remote interest … Continue reading
I should start with the good news. David Roodman is not dead. The bad news is that he’s left the Centre for Global Development and moved to Bill Gates’ team. I’m not 100% sure what he’s going to do there, … Continue reading
[This post is in response to a comment posted by Ms. Rhyne of the Smart Campaign on microDINERO regarding my article “Microfinance Awards Itself An Award“] A curious fact about the book is that none of those implicated have dared … Continue reading
NORAD, the Norwegian equivalent of DFID or USAID, recently announced that it has all but ceased microfinance activities. The Norwegian Microfinance Initiative (NMI) is the only remaining large microfinance investor, although it is partially funded from the Norwegian public purse … Continue reading
