tag:blogger.com,1999:blog-600802170849928872.post465117495882522305..comments2023-10-29T15:18:25.355+08:00Comments on de minimis: Microfinance: Govt not doing enough!de minimishttp://www.blogger.com/profile/06478671079348612565noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-600802170849928872.post-30472496808999332662008-07-31T10:08:00.000+08:002008-07-31T10:08:00.000+08:00I trust that Malaysians had beenoverloaded with lo...I trust that Malaysians had been<BR/>overloaded with loan repayment burden.extra loan of such will kill more malaysians. BNM had been linience to the commercial bankers on credit cards issuance.Why give a credit card limit of RM5,000 when you already block the card for a mere unpaid amount of say RM250?Might as well issue only the charge card?<BR/>On micro credit,would the Govn like to put more hawkers on the road sides or at the corridors of the shops in the town? Why give micro credit when you do not even have adequate places to trade?couldn`t the govn set up more hawker centres or pasar malam centre or fruit stalls?Besides, if more traders are around, food prices will go down to a reasonable level.Besides, can the criteria for micro credit be made public?If you leave it to the bank, they will ask how much of FD you have?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-600802170849928872.post-67907421391473737022008-07-28T18:27:00.000+08:002008-07-28T18:27:00.000+08:00"Usury" wasn't that the description of the activit..."Usury" wasn't that the description of the activity that we now call banking? You certainly are clear about the core values of microfinance. It's consistent with EE Schumacher's principles in 'Small is Beautiful".<BR/><BR/>Thanks for the compliment on the JFK quote, "Forgive your enemies, but never forget their names". I seem to recall that Golda Meier (former PM of Israel) had a similar quote that went something like, "Forgive your enemies, but never forget them".de minimishttps://www.blogger.com/profile/06478671079348612565noreply@blogger.comtag:blogger.com,1999:blog-600802170849928872.post-54471091297514671852008-07-28T16:01:00.000+08:002008-07-28T16:01:00.000+08:00Banks have a bad relationship with the small perso...Banks have a bad relationship with the small person. He has learned that if he could run away from his debt, he would...and he has been getting away with it. This is why banks justify such high interest rates for credit cards.<BR/><BR/>The idea in microfinance is to abandon the above bad relationship altogether, namely, by doing away with the banks and the he. The focus in microfinance is the project, which could be tailoring, weaving, simple food processing. The dispenser of the microfinance should be people or organisation who could give business advice, finance management and moral support. Lend to the mother and not the wife, i.e., lend to the person who cares about the little children around and want to succeed. This is the way of microfinance.<BR/><BR/>Sorry, I got carried away. I meant to compliment you on your new JFK quote - which should is memorable.etheoristhttps://www.blogger.com/profile/03412913576145631384noreply@blogger.com