background and mode of operation are quite different from each other. The article then goes on to analyse how much profit the moneylenders make. Moneylenders are obliged to remain small in order to maintain
knowledge of their clients, and also to avoid attracting unwanted official attention. Their smallness also allows them to offer great flexibility in their products and scheduling; this is what makes them
ideal lenders to the poor, and MFIs should learn from these characteristics.
- Taking Stock
- Can ICTs address the needs of small enterprises?
- Let’s look before we leap: challenging our ideas on how savings groups work
- Why doesn't microfinance work? The destructive rise of local neoliberalism
- Crossfire: ‘Building financial capabilities should be product-linked and not focused on personal money management’