Submitted by Dylan Higgins (not verified) on July 7, 2008 - 12:21pm.
Jamie,
Thanks for your comments. I just blogged on this conference as well (hearmyecho.blogspot.com). After returning from working with Kiva and seeing the microcredit side of the equation in the field, I'm focusing my efforts on the savings side. It's interesting that your colleague or perhaps yourself blogged earlier about the similarities between microfinance as an international development tool and U.S. payday lending businesses as a credit service for the un(der)banked.
I believe just as lessons can be learned from comparing the best / worst practices of microfinance and payday lending, we now have the same opportunity to learn or better yet devise the best / worst practices for savings in microfinance and asset building.
The tide is turning (has turned?)
Jamie,
Thanks for your comments. I just blogged on this conference as well (hearmyecho.blogspot.com). After returning from working with Kiva and seeing the microcredit side of the equation in the field, I'm focusing my efforts on the savings side. It's interesting that your colleague or perhaps yourself blogged earlier about the similarities between microfinance as an international development tool and U.S. payday lending businesses as a credit service for the un(der)banked.
I believe just as lessons can be learned from comparing the best / worst practices of microfinance and payday lending, we now have the same opportunity to learn or better yet devise the best / worst practices for savings in microfinance and asset building.
Dylan