Category: Neal Estey

Perils Of Microfinance: Why The Miracle Economic Strategy, Winner Of A Nobel Prize, Failed To Turn The Poor Into Entrepreneurs

December 14th, 2013 in 2013, Centers & Institutes in the News, International Business Times, Neal Estey, Newsmakers, School of Law 0 comments

International Business Times
Neal Estey, School of Law, Center for Finance, Law & Policy

For Zareen, a 47-year-old housewife from this slum about 50 miles northwest of Bangalore in southern India, the word “microfinance” invokes terrible memories of the time when she had to sell her blood and everything she had to repay loans she took from a local microlending company…

Expert quote:

“The trend of the industry is to develop an array of products and services that can meet the needs of the native client. Microcredit, insurance products, savings products, and remittances. No single product or service will be appropriate for everybody.”

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Lending Circles: Helping Immigrants in America Build Credit

May 15th, 2013 in 2013, Centers & Institutes in the News, Neal Estey, Newsmakers, PRI Public Radio International, School of Law 0 comments

PRI’s The World
Neal Estey, Center for Finance, Law & Policy, School of Law

For most of us, when we want to make a major purchase we apply for a loan…

Expert quote:

“Borrowing amongst your friends, if you’ve been doing this for a while, you understand how it works. You don’t know how it works with this formal financial institution. All of a sudden there are agreements you have to sign, there’s all this technical jargon, that, really it’s difficult enough to understand if you’re an everyday person spending your entire life in the US.”

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