tag:blogger.com,1999:blog-8767610140063188521.post7123788506225698244..comments2023-08-05T03:40:57.558-07:00Comments on Abhisek Bhowmik: New Generation Microfinance –Financial Inclusion beyond microloansAbhisekhttp://www.blogger.com/profile/02834307852346124521noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8767610140063188521.post-63011365700356949922011-07-18T15:52:25.579-07:002011-07-18T15:52:25.579-07:00http://www.miller-mccune.com/business-economics/mi...http://www.miller-mccune.com/business-economics/microfinance-back-to-the-drawing-board-19144/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8767610140063188521.post-37851195396249564042011-07-17T13:57:40.126-07:002011-07-17T13:57:40.126-07:00I don't think that the idea of providing index...I don't think that the idea of providing index fund investment opportunities to the poor will be beneficial. Besides being less informed in general than higher income people about the risks of the stock market, they will be much less able to take losses that are nearly inevitable at some point in time with investing. <br /><br />If the market turns down when they need to pay for medical care or educational expenses, it will make their situation harder than it already is. It is far better to focus on secure deposit products--particularly if they are insured against loss by the government like bank accounts are in many countries. This will provide an opportunity for them to save money and earn a return on it.Anonymousnoreply@blogger.com