This year’s MIMOSA field survey again showed that a large percentage of the population cites “personal convictions” or “religious beliefs” as key reasons not to borrow. Follow up discussions with respondents to our surveys pointed more generally to a negative connotation of credit that is associated to “being in need” rather to positive risk-taking or [...]
Some lessons are unexpected. Back in 2000, during the height of internet stock craze, I was an amateur manager of a small stock fund consisting of 8 smalltime shareholders who were all my relatives. Being a bit of a contrarian, the fund focused mainly on biotech stocks, which were enjoying quite a strong run, even [...]
Ronda, Spain Since publishing the first MIMOSA report – on Cambodia – I’ve heard one persistent critique. We say that the market is saturated, yet none of the current indicators appear to support it: repayments are great, there’s no field evidence of widespread overindebtedness, and the major MFIs are all [...]
