Buenos Aires Today ACORN International released a shocking report, Mega Troubles for Microfinance (www.acorninternational.org), as the result of months and years of first skepticism and now study of the claims and contradictions of the industry. In a letter to policy makers, politicians, and development agencies throughout the world, signed by ACORN International President Kay Bisnah …
Tag: microfinance
Super Volunteers with a Super Idea for Micro-Finance Borrowers – Help!
New Orleans ACORN International is hard at work right now on pulling together all of the pieces and pressure on our Remittance Justice Campaign (www.remittancejustice.org) as we try to tighten the screws on banks and money transfer organizations, but we are keeping our eyes open on our next campaign around microfinance. Melanie Craxton, a student …
Crisis of Accountability for Microfinance in India
New Orleans 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 to create or improve livelihoods, …