How to Deal with a Default Tsunami in the Microfinance Industry: Lessons from Grameen Bank

摘要

How the bank survived the large-scale repayment crisis and near-death experience has lessons for the industry. The Grameen Bank is now offering its services in almost all the villages of Bangladesh. The bank solved the problem by coming to the painful realization that its original model that was fine-tuned over a decade of experimentation was out of date, and it needed a new model.