David roodman has critiqued the accounting practices that grameen used to determine this rate. Sep, 2010 roodman of cgd about milford batemans book, i levied what i thought was a rather strong charge against the socalled, selfproclaimed microfinance community. Center for global development, david roodman s microfinance open book blog, april 29, 2011. Confessions of a microfinance heretic how microlending lost its way and betrayed the poor by hugh sinclair microfinance transparency. Kiva ceo and cofounder matt flannery responds to roodman s recent critique of the. The persecution of an imperfect man david roodmans. Matt flannery, kiva ceo and cofounder, replies center for. May97 edition by roodman, david malin published by worldwatch inst paperback. He is the author of due diligence and the microfinance open book blog. For example, at the recent evidence summit on broad based growth held on december 9 10, 2010. Accepting a guest strays somewhat from the construct of this blog, but seems highly appropriate in this case. Ive written about microfinance, third world debt, environmental taxes, the impact of foreign aid, quantifying trade barriers, the importance of policies other than foreign aid for development, and more.
Kivas webbased microfinance growing up by joe rubin. Readers of david roodmans openbook blog will immediately recognize his thorough, straightforward, and trenchant analysis. Microfinance serves as a key case for studying the effects of financial systems. This is the book to read about microfinance, specifically microcredit. Microfinance and the financialisation of poverty max planck. David roodman announced his departure from the center for global development to the gates foundation. How the andhra crisis is going to affect investment in. Feed i am honored to host matt flannery as my first guest blogger.
They have widely disseminated their contrary results via roodman s microfinance open book blog and other means1. In a september 2011 post, roodman evaluates the potential of randomized control trials rcts to assess the impact of microfinance. Apr 02, 2015 one of the things that make blogs particularly interesting are series. It is, quite simply, the best book i have ever read about microfinance among the. Heres the article, which i think poses some fair questions david roodman s microfinance open book blog. The discussion ranges from the morality of lending to the history of microfinance including the forgotten 18thcentury efforts of one. If youre interested in blogs related to financial inclusion and international development. Roodman is a fantastic journalist and a delightful writer. Grameen tweet 23 the persecution of an imperfect man january 29, 2011 lydia polgreen has just posted if i can use that verb a story for the new york times on the political controversy around muhammad yunus. The panel in question was moderated by david roodman, whose open book blog is an absolute microfinance mustread. An impertinent inquiry into microfinance, a remarkable book about microfinance.
An impertinent inquiry into microfinance, and the scientific experiments and mathematical formulae that he said call into question its effectiveness. The other side of microcredit the kojo nnamdi show. Roodman has made a name for himself as a prolific and insightful blogger with the open book blog he kept while writing the book he recently published. Emerging research in microfinance, dr watkins founded and directs lehighs microfinance program, and was a founding member of the advisory faculty council for accion internationals center for financial inclusion, which seeks to promote innovation and growth of commercial microfinance worldwide. He wrote the book through a pathbreaking microfinance open book blog, where he. This is expected to lead to improved nutrition and improved education of the borrowers children. David roodmans microfinance open book blog center for global. Excerpt from the political economy of microfinance. Riding high on private equity, the growth of the indian microfinance sector has been spectacular over the last 4 to 5 years. David roodman, the persecution of an imperfect man, center for global development, david roodman s microfinance open book blog.
Accions michael schlein, david roodman and more at fridays. Join research fellow david roodman as he writes a book about microfinance in public. Roodman has been architect and manager of the commitment to development index since the projects inception in 2002. By doing so, david also stepped down from his role as the blogger of record for the sector. Bateman first brought a critique of microfinance into the mainstream with his 2010 book, which roodman heavily criticised. This summer marked an important milestone in microfinance. David roodmans microfinance open book blog feed the journey since then can be measured in other ways, and at extents i never imagined. I have told how a question last fall from filmmaker tom heinemann prompted me to measure the grameen banks interest rate as sharply as i could. So, heres a quick cheat sheet of some highlights from davids blog over the past few years. My october 2 post about kiva generated copious commentary and tweeting. And on that blog, the central recurring theme has been the book chapters which david has incrementally released. David roodmans microfinance open book blog page 43 center.
Financializing poverty, chapter 2, a genealogy of microfinance. David roodmans microfinance open book blog like the persecution of an imperfect man david roodmans microfinance. Compartamos, interest rates, tom heinemann does compartamos charge 195% interest. You probably dont have time to buy and read the whole book in the next 36 hours. How the andhra crisis is going to affect investment in indian. Chapter the good, the bad, and the poor confessions of. Its been almost four months since i posted a chapter draft. They have widely disseminated their contrary results via roodman s microfinance open book blog and other means 1 1 for example, at the recent evidence summit on broadbased growth held on. According to sadhan, the indian microfinance sector grew from usd 252 million to usd 2. Readers of david roodman s microfinance open book blog will immediately recognize his thorough, straightforward, and trenchant analysis of whether microfinance is the boon many think it is. It all started when david roodman wrote a post on his microfinance open book blog titled kiva is not quite what it seems. What to read on mpesa on david roodman s microfinance open book blog. This time, phil takes up the initiative and introduces a series he has particularly enjoyed.
And post roodman, the only sensible conclusion about microfinance. Aug 10, 2020 a compendium of news pieces and analysis how the andhra crisis is going to affect investment in indian microfinance since our last update on the ap crisis, there has been a debate in media over the microfinance bubble in south india and how some pockets even in the underserved areas of the country suffer from the same syndrome. Jul 05, 20 david roodman s microfinance open book blog. Were talking about microcredit and microfinance in some of the poorest parts of the world. David roodman, senior fellow at the center for global development, the countrys leading think tank on overseas aid and international development, has written due diligence. Beef with bateman, or, why cant the microfinance community. David roodman does his due diligence, and gets it mostly right. Matt flannery, ceo and cofounder of kiva, replied to this post as a guest blogger. An impertinent inquiry into microfinance kindle edition. Feb 16, 2012 david roodman, senior fellow at the center for global development, the countrys leading think tank on overseas aid and international development, has written due diligence. The book is balanced, thorough and the method of checking out what was being written via blogs before publication is an interesting innovation. Making sense of microfinances recent travails core. Roodman explores the notion that microfinance is a schumpeterian success, an example of aid building a thriving, disruptive industry that enriches the institutional fabric of nations. Highlights of david roodmans microfinance open book blog.
On davids departure a new emfp blog was launched in which the discussions and debates on microfinance. Ive written about microfinance, third world debt, environmental taxes, the impact. I have told how a question last fall from filmmaker tom heinemann prompted me to measure the grameen banks interest rate as sharply as i. David roodmans microfinance open book blog this blog was an. In his microfinance open book blog, roodman posts draft chapters, responds to readers comments, and shares puzzles and discoveries that emerge as he writes. David roodman is a research fellow at the center for global development and author of david roodmans microfinance open book blog, where he his sharing his notes on and content of a book on microfinance. Roodmans microfinance open book blog cites scofields criticism. Tax policies to promote private charitable giving in dac countries, working papers 82, center for global development. Apr 08, 2014 david malin roodmanwas a senior fellow at the center for global development where he worked from 200220 with a focus on microfinance, debt relief, and aid effectiveness.
It makes small loans known as microcredit or grameencredit to the impoverished without requiring collateral grameen bank originated in 1976, in the work of professor muhammad yunus at university of chittagong, who launched a research project to. Some years ago, as i sketched the first outline of what would become due diligence, i inserted a chapter that would survey the current microfinance landscape and explain how it reached its present form. Government pressure on behalf of yunus, center for global development, david roodman s microfinance open book blog, february 28, 2011. David roodman closed the day discussing his new book, due diligence. We help some ladies in tanzania get ahead big family little.
On davids departure a new emfp blog was launched in which the discussions and debates on microfinance continue. Exploring the financial inclusion blog community center for. The series series recommends series at related blogs. And this has increasingly appeared to be the case with microfinance. Jul 29, 2015 roodman explores the notion that microfinance is a schumpeterian success, an example of aid building a thriving, disruptive industry that enriches the institutional fabric of nations. Chapter the good, the bad, and the poor confessions. Connectivity is productivity school of social sciences. A controversial take, his presentation examined several famous studies and discussed his own mathematical evaluations of the. Reflections on the kiva story center for global development. One of the things that make blogs particularly interesting are series.
Microfinance, the market and political development in the. Jun 12, 2015 the two debaters have met in the past. Aug 20, 2015 david roodman s conversation with jonathan morduch is coming up tomorrow. I know most about economic development in poorer countries. Readers of david roodmans microfinance open book blog will immediately recognize his thorough, straightforward, and trenchant analysis. To compare compartamos to its mexican peers on price, read this next. Accions michael schlein, david roodman and more at friday. Feb 26, 2009 david roodman research fellow, center for. Roodmans microfinance open book blog center for global.
The panel, titled what dont we know that we ought to, seemed like the appropriate beginning to day 2, after day 1s synthesis of what we do know. David roodman s microfinance open book blog feed the journey since then can be measured in other ways, and at extents i never imagined. Henry w wolff, the journalistchronicler of the european microfinance revolution, drew numerous lessons from its history in his 1910 account, peoples banks. Chris dunfords new blog david roodman s microfinance open book blog learning about giving a ghanaian explains her microfinance passbook to chris dunford, who is drawing on 35 years as practitioner and researcher to lead the evidence project blog. December 8, 2011 by holden david roodman is a research fellow at the center for global development and author of david roodmans microfinance open book blog, where he his sharing his notes on and content of a book on microfinance. Jun 22, 2010 but since february 2009, when david roodman who is a senior fellow at the center for global development cgdev and also the father of the fascinating committment to development index, cdi began sharing the progress he was making on his new book, his blog has become one of the most prolific and insightful blogs about microfinance. Roodman s powerpoint slides used in this and presumably other presentations can be. Due diligence david roodmans microfinance open book blog. Aug 10, 2020 equity investment in indian microfinance. Conversation with david roodman about microfinance the.
David roodman ran the open book blog which ran from 2009 until he left the center for global development to go to the gates foundation in 20. David roodmans conversation with jonathan morduch is coming up tomorrow. Interesting critique of microfinance charity kivas representation of itself, by david roodman on his microfinance open book blog our sensitivity to stories and faces distorts how we give, thus what charities do and how they sell themselves. Microlending and the battle against world poverty, muhammad yunus shows the outlook. David roodman does his due diligence, and gets it mostly. It is, quite simply, the best book i have ever read about microfinance among the many i. New evidence on microfinance devpolicy blog from the. The impact of microcredit is a subject of much controversy. Sep 17, 1998 david malin roodmanwas a senior fellow at the center for global development where he worked from 200220 with a focus on microfinance, debt relief, and aid effectiveness.
The discussion ranges from the morality of lending to the history of microfinance including the forgotten 18thcentury efforts of one priscilla. An impertinent inquiry into microfinance, studied theoretical mathematics at harvard before joining the center for global development, where he is now a. I am honored to host matt flannery as my first guest blogger. Mar 12, 20 david roodman selfstyled impertinent inquirer has now stepped up to the plate, publishing a thoughtprovoking short essay on his blog which critiques recent moves towards or rather. David roodmans microfinance open book blog center for. Oct, 2009 over the past two weeks, a debate has been simmering about the way in which kiva a microfinance organization describes how they operate. With the help of microfinance transparency, we are gradually catching up with raiffeisen, but it has been a slow and painful wait for all concerned.
Proponents state that it reduces poverty through higher employment and higher incomes. Follow an interesting discussion on microfinance and kivas role on david roodman s microfinance open book blog. He wrote the book through a pathbreaking microfinance open book blog, where he shared questions, discoveries, and draft chapters. May 29, 2010 to read the full story and see a clip from quadirs ted talk, click here. Matt flannery, kiva ceo and cofounder, replies center. Dec 01, 2010 sam daleyharris is the director of the microcredit summit campaign. As we launch the new emfp blog, we look back and celebrate the most influential microfinance blog. Kiva is not quite what it seems center for global development. David roodman hello everyone, this is matt flannery, cofounder and ceo of kiva. David roodmans microfinance open book governance across. Jul 06, 2010 the microfinance sector has demonstrated default rates under 2% for more than five years, is financed largely by onbalance sheet loans, and mfis retain a strong incentive for good due diligence and follow up as they hold first loss equity positions in rated off balance sheet securitisations that are several multiples of their historical.
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