Trouble at Grameen Bank?

Published by rudy Date posted on February 10, 2010

Repayment rates are falling at the world’s most famous microfinance institution, Grameen Bank. David Roodman is worried:

* I do not know whether Bangaldesh’s microcreditors are in major trouble. But if they are, the beginning of the end would manifest much as in the graphs above.

* It is tempting to link the degradation in the Bank’s portfolio to the mysterious dismissal of Deputy Managing Director Dipal Barua in December. I have no evidence for a link. However, when a financial institution forces out its head of operations while key indicators are going south, it raises questions.

Shareholders—in this case, mainly the Bank’s members—as well as other stakeholders deserve an explanation.

* A crisis in Bangladesh, akin to recent ones in Bosnia and Herzegovina, Morocco, Pakistan, and parts of India, would tarnish the image of microcredit worldwide, perhaps permanently.

* Other microcreditors should quickly match Grameen’s standards of financial disclosure so that we can get a better read on the extent of lending trouble.

Hopefully David’s fears will come to nothing, but he has established himself as a sharp-eyed and constructive critic of microfinance.

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

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