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Crisis of Accountability for Microfinance in India

New Orleans

Vikram Akula of SKS Microfinance

Microfinance has many positives, but should never be confused or misnamed as a “poverty reduction” strategy.   There is simply no way to reduce poverty through debt.  Microfinance or microcredit or micro-lending or whatever the name has a value for the poor as a way to access minimal credit [...]

November 18th, 2010 | Tags: , , , , , , , , , , , , , , , | Category: Ideas and Issues | Leave a comment

Santa Barbara Finally Pulls Up Short

Quepos            It was an extra present under the palm tree to read in the pre-dawn that Santa Barbara Bank & Trust was being pulled out of the business of factoring RALs, predatory refund anticipation loan for Jackson & Hewitt and other companies in the viciously competitive tax services market for lower  income and working families.  [...]

December 26th, 2009 | Tags: , , , , , , , , , , , , , , , , , , | Category: Citizen Wealth, Financial Justice | 2 comments

Loans for Students not Predators

Baltimore If we didn’t have so many fast deals and multi-billion dollar scams to read about every day, then the student loan situation would be a scandal that doesn’t stop shaming everyone who touches it.

Finally we have a chance to streamline the process and take out the sticky fingered middlemen skimming the cream off [...]

July 22nd, 2009 | Tags: , , | Category: ACORN, Citizen Wealth, Financial Justice | 2 comments
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