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Posts Tagged ‘democracy’

Flower mandala, Ahmadabad. Many great traditions need right and left to clap.

The founders of early financial cooperatives believed in ‘cooperation’. This was not a sentimental idea. It was seen as a practical tool for pooling financial and human resources where poverty was too great for individuals to escape by themselves. It required an almost obsessive focus on both prudent financial management and disciplined adherence to operational rules.

Democracy in private enterprise, and practical concern for poorer neighbours, are left-wing ideas. Prudent financial management (more…)

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Loan Contract Chambak Village Cambodia

Why are there not finger-counting icons and/or tallies (see right) on every passbook owned by every illiterate client in microfinance?

This small change could make microfinance more comfortable for poor borrowers and poor savers, and contribute in a small way towards our shared goal of ‘access for all’. (more…)

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