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CGD Policy Blogs


San Isidro Dispatch: Village Banking in Costa Rica

I spoke last month at the annual Inter-American Forum on Microfinance (Foromic), which is sponsored by an arm of the Inter-American Development Bank called the Multilateral Investment Fund. (The MIF invests in the private sector while its parent lends to governments.) The conference took place outside San José, Costa Rica, in a resort off the highway to the airport.

Turf War over Deposit-Taking in India

After the crisis broke in Andhra Pradesh, many observers regretted that India's microfinance industry was legally confined to making loans. Many poor people would rather save than borrow because, when done right, savings is safer. In the Huffington Post, Elisabeth Rhyne went further. The inability to take savings not only deprived poor people of a valuable option; it contributed to the crisis on the credit side: