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Vittana to “cease to exist as a standalone organization”: The education-focused P2P microlender will wind down in its current form, its CEO says
“One of our founding beliefs was that once we reached scale, we could do our work sustainably, without shifting costs and risk onto the students,” wrote CEO Robin Wolander in announcing Vittana’s wind-down. “But after five years ... we haven’t found a robust business model to wean ourselves off that support.”
- Categories
- Education
- Tags
- lending, microfinance
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The Eternal Struggle of Microfinance: The Microcredit Summit raised questions about the sector’s future – but does anyone have an answer?
As last week’s Microcredit Summit wrapped up in Mexico, the topics of over-indebtedness and high interest rates reared their ugly heads. The final day served up a riveting debate that pitted a representative of a Mexican microfinance network against one of the sector’s most vocal critics. The questions raised were crucial to the future of microfinance - but the answers remain elusive.
- Categories
- Impact Assessment
