David Roodman, a microfinance expert from the Center for Global Development, reported that loan recovery indicators are recovering for the Grameen Bank. The non-recovery rate, the share of unpaid monthly payments, decreased from 3.45 percent in February to 2.89 percent in May. The “Portfolio at Risk, 30 days” or PAR 30 – characterized by the share of outstanding amounts borrowed at least 30 days late on payments – dropped by more than one percent in the last two months.

    About the author

    • Chiden Balmes

      Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.