The High Priest of Indian Microfinance takes a walk

You could say he has found a whole new way to walk the talk. And Vijay Mahajan, considered by many to be the high priest of Indian microfinance, is taking it quite literally—some 5,000 km across rural hinterlands. The chairman of Basix, a microfinance institution (MFI), began a quiet 75-day journey on January 30 from Wardha, Maharashtra—on foot, public transport and by car. He wants to meet and talk to poor borrowers and get the real, grassroots-level answer to an existential question: has microfinance been good for the poor or bad?

report about vijay mahajan’s shodh yatra. reporting for this story, i was struck by the circumspection with which the industry now talks about itself.

mahajan himself is blogging about the journey here.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.