Ideas to Action:

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CGD Policy Blogs

 

Ad Challenges Nicaraguan “Movimiento de No Pago”

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.

Is Credit Irresistable?

A basic point I feel I have not pondered enough is that people who are financially cornered may borrow unwisely---at least sometimes. A Microfinance Insights article by Lilian Simbaqueba and Vitalie Bumacov of the Colombian credit-scoring company LiSim made me think of this now:

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