tag:blogger.com,1999:blog-30891830.post115638525076032984..comments2014-03-03T18:59:25.147-06:00Comments on Techies for Development: Microfinancing continues to spreadUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30891830.post-1157830619491305912006-09-09T14:36:00.000-05:002006-09-09T14:36:00.000-05:00Yeah, even I had that thought. How could 30% inte...Yeah, even I had that thought. How could 30% interest rate be reasonable? But it looks like the unorganized money lending sector in India (the evil bania of hindi movies) charges between 50-100%. Even in the US the payday loan companies can charge upto 60% under certain circumstances.Smrutihttps://www.blogger.com/profile/06560763405392549582noreply@blogger.comtag:blogger.com,1999:blog-30891830.post-1157747327286277802006-09-08T15:28:00.000-05:002006-09-08T15:28:00.000-05:00I spoke to someone from Bangladesh recently. He m...I spoke to someone from Bangladesh recently. He mentioned that interest rates at GrameenBank were in the order of 30% p.a. I shudder to think the kind of rates that the alternate sources were demanding in order for 30% to seem resonable.<BR/><BR/>On another note, attempts to opensource the supply side (where the cash comes from) of microfinance have also started.<BR/><BR/>www.prosper.com is one such effort - looks like its targeted toward the US market.<BR/><BR/>www.kiva.org - looks like it targets the developing world.Kuriakosehttps://www.blogger.com/profile/14966015709826327089noreply@blogger.com