This story from the Indian broadcaster NDTV shows another side of the Andhra Pradesh crisis: entrepreneurs who have been hurt by the loss of access to microcredit.
CGD Policy Blogs
A finely written piece by Leo Hornak in the Independent that weaves personal narrative with broad ideas about what microfinance is and where it should be headed:
From Shafiq Alam of Agence France-Presse:
In sign of growing tension, a Grameen Bank union leader said he was tortured late Friday by unidentified men after the union threatened to stage nationwide demonstrations over Yunus's sacking.
Sagir Rashid Chowdhury, 38, told AFP he was hauled into a minibus and taken near Dhaka University where he was beaten and threatened with pistols.
The Grameen has circulated a detailed response to the investigative committee's report (hat tip once more to Asif Dowla). It is labelled as a reply to the press coverage, but by the end of the first page addresses itself to the report per se.
It begins this way: