TC

Fellows Blog Posts by TC

Feb 9, 2011

In the past few months, the Indian microfinance industry has been in the spotlight for the wrong reasons. A few Kiva Fellows wanted to learn what the issues were, and what can be done to prevent them in the future.  We will present our findings in a series of posts over the coming days. Given the inherent complexities, the multiple viewpoints and an ever changing political and legal landscape, our work is only intended to provide a top-level summary of the situation as it stands now.  If you are interested in learning more about microfinance in India, we encourage you to explore these...

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Jan 12, 2011 VN Vietnam

By:  Tran Chau, KF13, Viet Nam

Vietnam currently has 52 microfinance institutions offering microloans and other services to the impoverished.  Kiva is partnered with three, SEDA in Hanoi, TYM in Hanoi, and FPW in Thanh Hoa.  Of the 52 MFIs, only one, TYM, is officially licensed by the Vietnamese Government.

I attended the second annual microfinance conference hosted by Citigroup a couple weeks ago.  There, TYM was invited to give a presentation on the future of microfinance in Vietnam.  The MFI identified three external and internal challenges.  I think that these...

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Nov 14, 2010 VN Vietnam

The Interior of Dong Xuan Market

By:  Tran Chau, KF13, Viet Nam

Modern shopping centers and supermarkets are new to Vietnam.  They are frequented mostly by the small and powerful middle class, have western products, and carry western price tags.   For the rest of the nation and for those who favor the established ways of the east, traditional open air and partially enclosed markets...

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Nov 6, 2010 VN Vietnam

This is less than $25!!

By:  Tran Chau, KF13, Viet Nam

I am a multi-millionaire, in Vietnamese Dong that is.  The Vietnamese Dong (“VND”) is the official currency of Vietnam.  The official exchange rate (a black market one also exists) hovers around $1 = 19,500 VND.  Therefore in nearly all business transactions in Vietnam, millions, billions, and even trillions of VND change hands.In 2009, Vietnamese GDP was estimated at $92.4 billion while the value of its...

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