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Ben Simmes
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overindebtedness
28 Replies

Started this discussion. Last reply by Timur Cherikov Aug 28, 2013.

 

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Timur Cherikov replied to Ben Simmes's discussion overindebtedness
"In Kyrgyz Republic we had such issue, and it was a lot anti MFI demonstrations, and based on pressure from community, Parliament decreased maximum of MFI interest rate no more 40%. But how the MFI representative said it was issue, they have other…"
Aug 28, 2013
LB Prakash replied to Ben Simmes's discussion overindebtedness
"For the past few days, vernacular media in andhra Pradesh, India has been active and highlighting the suicides, carrying on adverse articles about MFIs, and the need to strengthen and improve SHG-Bank Linkage, and this was one of the first articles…"
Oct 14, 2010
LB Prakash replied to Ben Simmes's discussion overindebtedness
"money lenders probably overcome the risk of not collecting back loan (not same as assessing over indebtedness) by getting some material collateral or pledge, which is legally enforceable. and, since money lender deals with a few clients, whom he/she…"
Oct 12, 2010
LB Prakash replied to Ben Simmes's discussion overindebtedness
"It was interesting to read the responses on Over Indebtedness. I have realised that most practitioners, at least in India, seem to be making the following two assumptions: 1. Multiple Loans = Over Indebtedness 2. Clients borrow from MFIs only One…"
Oct 12, 2010
Niraj replied to Ben Simmes's discussion overindebtedness
"Why do we think monetisation is the panacaea for every economic ill? Can there be other mode of cycling economic system ? Indebtedness itself is an offshoot of growing monetsation of human activities."
May 25, 2010
AB.ARIYARATNE replied to Ben Simmes's discussion overindebtedness
"Oikocredit as I understand is a large MFI working in a number of countries.There are few solutions to avoid overindebtedness or multiple credit to one individual.This practice will lead to serious problems for the MFIs.I would like to suggest the…"
May 12, 2010
john bliek replied to Ben Simmes's discussion overindebtedness
"i think that the local embedment of an MFI helps to avoid client overindebtness. the distances to the client is smaller which increases the potential to have sufficient knowledge on its practices. as currently MFI scale up fast, they tend too lose…"
May 5, 2010
Ma. Theresa Catipay replied to Ben Simmes's discussion overindebtedness
"Yes, this is in the Philippines and in the Visayas region."
Apr 6, 2010
Sara Duke replied to Ben Simmes's discussion overindebtedness
"David, This is a good idea and what I had in mind when I made a similar credit check suggestion - see above. We request references from job candidates, so why not character references for credit. It is less burdensome than requiring a co-signer,…"
Apr 2, 2010
David Obu Andah replied to Ben Simmes's discussion overindebtedness
"Idealy credit reference bureaux are the best of the solutions. However how much should a bureau charge for a credit report on a client looking for 50 cent loan? Since overindebtednes leads to poor repayment and consequently poor portfolio quality,…"
Apr 1, 2010
Farhat Abbas Shah replied to Ben Simmes's discussion overindebtedness
"Dear Ben, Thank you for highlighting this issue. Pakistan Microfinance network is working on setting up a credit bureau to build a data bank of borrowers of all MFIs. It will assist the MFIs regarding credit history of the clients. Secondly, the…"
Mar 30, 2010
Ben Simmes replied to Ben Simmes's discussion overindebtedness
"Dear Tess, Thanks for sharing. Can you also point out in which region and with which MFIs these incidents happened and what the response of the local government has been? I presume you write from the Philippines? Kind regards, Ben"
Mar 30, 2010
Ma. Theresa Catipay replied to Ben Simmes's discussion overindebtedness
"Thanks for this. Just a few weeks ago, we learned of sad stories of MFI clients.Accordingly, the local government is taking measures to avert incidences of over-indebtedness of MF clients - of MF clients in their area who turn to prostitution to be…"
Mar 30, 2010
Ben Simmes replied to Ben Simmes's discussion overindebtedness
"Dear all, In Oikocredit we are presently reviewing the responses we got on the issue of over-indebtedness. We expect to come out with the results most likely at the end of March. Looking at the discussion and other suggestions I have seen so far, I…"
Mar 5, 2010
Habib Haruna replied to Ben Simmes's discussion overindebtedness
"Overindebtedness is really an issue of serious concern to MFIs . Whilst we all acknowledge the impact of this fact, i do not think that asking the neighbours or centre members of a MFIs client can be an effective way of dealing with this issue…"
Mar 5, 2010
sankar rajakumar replied to Ben Simmes's discussion overindebtedness
"Dear All, I have reproduced the Dale Lamps reply for the discussion on “A bubble in Microfinance” started by Jessie Mabry, I felt this reply is very relevant for the discussion on over indebtedness initiated by Ben Simmes . “I…"
Feb 26, 2010

Profile Information

Organisation name (Nombre de su organización)
Oikocredit
Type of organisation (Tipo de organización)
investor
Country(ies) where you work (País[es] donde trabaja)
Africa, Asia, Latin America, Central and Eastern Europe
Job title (Cargo en el trabajo)
Director Social Performance and Financial Analysis
Website (Sitio web)
http://www.oikocredit.org
Organisational mission statement (Misión de la organización)
Oikocredit, als a worldwide cooperative society, promotes global justice by challenging people, churches and others to share their resources through socially responsible investments and by empowering disadvantaged people with credit.
Why are you interested in SPM? (Porqué esta interesado en GDS?)
a focus area of Oikocredit

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At 14:46 on December 16, 2009, Rashmi Ekka said…
Dear Ben,

We are now on our last discussion for Phase 1 part of Integrating SPM into Microfinance Capacity Building. Thank you for being so involved in the discussions so far. Our last topic is Governance.

Cecile from Cerise has raised a very interesting point about how Governance gets limited to the board and other stakeholders become ignored in the process. Do weigh in.

Best,
Rashmi
 
 
 

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Timur Cherikov posted a discussion
Aug 28, 2013
Timur Cherikov replied to Ben Simmes's discussion overindebtedness
Aug 28, 2013
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