Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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30-day online access to the magazine articles published during the subscription period.
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This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
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He does have a point and some MFI have been guilty of pushing loans hard to show good numbers to their investors.
However he ignores the enormous good that microfinance does. Most of the MF groups I have encountered give loans to women who would otherwise have no access to funds. Even a small amount of money improves a woman's status, self-esteem and gives her options to face life's problems. Most of the rural groups use micro-finance as just one of the tools to improve the lives of their members. They provide other support such as help with income generation, education, etc.
There is a huge need for small unsecured loans not only in India but also in rich countries like USA so I am very happy to see the increase in MFI members.