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September 24, 2009

Ad Challenges Nicaraguan “Movimiento de No Pago”

Posted by David Roodman in Uncategorized Tags: backlash

Chale Espinosa sent me these scans of a full page ad placed in the Nicaraguan paper La Prensa yesterday by 25 international funders of microfinance. They are evidently worried about the growing political power of a movement for non-payment or cancellation of microcredit debts. I cannot provide much more context because I lack it myself. Perhaps others can fill it in. English text courtesy of Google Translate below.
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• This Open Book Blog shares the writing of a book about the history and impacts of microfinance. CGD research fellow David Roodman posts and seeks feedback on draft chapters, questions, and sources.

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• Book contents

  • About the Book/Outline
    • 1. Introduction
    • 2. How the Other Half Finances
    • 3. Credit History
    • 4. Background Check
    • 5. Microfinance as Business
    • 6. Development as Proven Poverty Reduction
    • 7. Development as Freedom
    • 8. Development as Industry Building
    • 9. Implications
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• Comments

  Kanika Metre on Kiva Is Not Quite What It Seems: Great post. Makes me think of a passage I just read in Kristof & WuDunn’s book,...
  
  James H. Solomon,II, PhD on Chapter 5: Microfinance as Business: For the past five years I have lived in the Philippines where micro financing is a...
  
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  David Roodman on Meeting of the Minds? Researchers, Microfinance Leaders at CGD: Alex, thank you for your thoughtful questions. No, Jonathan...
  
  Alex Counts on Meeting of the Minds? Researchers, Microfinance Leaders at CGD: David, Thanks for bringing to my attention that the Goldberg paper...
  
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