DEVS 230 Lecture Notes - Lecture 11: Grameen Bank, Loan Shark, Comilla Model
4 Dec 2017
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Ipe lens: who benefits why, what is the type and source of power, sell, strange, how is the tension between the pursuit of private interest (microfinance) + the public good (poverty alleviation) resolved. *drawing on ipe discuss the promises and problems of microfinance* Yunnus: vision of lifting people out of poverty, poverty is not creating by poor people it is created by the business around them and. Unhinged from money lenders (loan sharks: poor people have skills that remain unutilized by unable to use them due to lack of capital, charity is not an answer to poverty. What is microfinance: provision of financial services to low-income people, microcredit is part of microfinance, also includes: small loans, bank services, etc. Birth of microfinance: comilla model: credit- based projects in existence in east pakistan, failed due to government interference and elite capture, lends to a group normally women.
