Microcredit
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“Austerity driven economic reforms affect women more than men”
14 September 2023 - by Balasingham Skanthakumar, Juan Pablo Bohoslavsky, Lakmali Hemachandra
Dr. Juan Pablo Bohoslavsky was the United Nations Human Rights Council’s (UNHRC) Independent Expert on foreign debt and human rights between June 2014 and April 2020. He was previously a sovereign debt expert of the United Nations Conference on (...) -
Capacity-building seminar for Togolese women and civil society organisations on illegitimate debts, their impact on human rights and possible alternatives
Lomé Declaration
14 September 2023 - by CADTM Afrique, Attac-Togo, Womin, Foundation for a just society
The struggle against illegitimate, illegal, unsustainable and odious debts has been at the heart of the concerns of African and even Western civil society for more than two decades. With this in mind, the Committee for the Abolition of (...) -
Microfinance Institutions in West Bengal: A Death Trap?
13 April 2023 - by Madhu Sudan Chatterjee
The word ’Sir’ in some areas of West Bengal represents officers of microfinance institutions (MFIs) who come to collect money from low-income families. If these families cannot pay, they are allegedly met with continued threats. In some ways, (...) -
8th March
Debts are a tool of oppression! We will not pay!
7 March 2023 - by CADTM International
On the occasion of March 8, international day of struggle for women’s rights, we, activists of CADTM INTERNATIONAL, mobilize against the debt and its patriarchal and capitalist violence. Peasant women, students, workers, mothers, unemployed (...) -
Final declaration of the seventh national congress of ATTAC CADTM Morocco
22 December 2022 - by ATTAC/CADTM Morocco
ATTAC CADTM Morocco organized its seventh national congress in Rabat on December 16, 17 and 18, 2022 under the slogan: “Let’s continue our contribution to build resistances for freedom and for social and environmental justice”. In Morocco, the (...) -
Public debt and Microfinance in Morocco : When the poor Finance the rich
9 December 2022 - by Jawad Moustakbal
Jawad Moustakbal (ATTAC CADTM Morocco) was one of the CADTM delegates at the 9th CADTM South Asia meeting, in Colombo, Sri Lanka (2-4 December 2022). He presented the damage caused by microcredit and public debt in Morocco for decades. Jawad (...) -
Private Debt in India : Current trends in the context of COVID-19 Pandemic
8 December 2022 - by Chinmayi Naik
Chinmayi Naik (Working Peoples’ Coalition in India) was one of the CADTM delegates at the 9th CADTM South Asia meeting in Colombo, Sri Lanka (2nd - 4th december 2022) . She made a presentation about the state of private debt in the context of (...) -
Colombo Declaration
4 December 2022 - by CADTM
We, the participants of the 9th CADTM South Asia meeting from Bangladesh, India, Nepal, Pakistan, Sri Lanka, as well as from Morocco, Belgium, Spain and France, assembled in Colombo, Sri Lanka, from December 2–4, 2022, reaffirm our fight against (...) -
Heavily indebted Humans Deserve Debt Relief (Just as Nations Do)
4 October 2022 - by Jami Hubbard Solli
From Argentina to Zambia, the global news is filled with stories of irresponsible, unsustainable lending to low-income governments which ultimately results in suffering for their own people. Suffering takes the form of austerity measures imposed (...) -
Averting the Looming Food Crisis
27 March 2022 - by Sandun Thududgala
A food crisis is inevitable. Food prices are soaring; shortages in essential food items are creating long queues, affecting people’s ability to work and get on with productive lives; the foreign reserve crisis has restricted the country’s ability (...) -
Government Mortgages Women on Behalf of the Microfinance Companies
8 March 2022 - by Collective of Women Affected by Microfinance
The statement was issued by the Collective of Women Affected by Microfinance, Sri Lanka to commemorate International Women’s Day. March 08, 2022 The government that came into power pledging to abolish all microfinance debt has failed to keep (...) -
Debt, development and the future
6 March 2022 - by Amali Wedagedara
The Satyagraha initiated by the Collective of Women Affected by Microfinance on 8 March 2021 in Hingurakgoda, Polonnaruwa, narrates a particular story of development in Sri Lanka – a dystopic one where the development aspirations of women have (...) -
Submission of the Collective of Women Affected by Microfinance to the UN Special Rapporteur on contemporary forms of slavery
8 December 2021 - by Collective
Debt is the most prevalent source of slavery. In contemporary Sri Lanka, unpayable debt accrued through microfinance loans has been driving exploitation, dispossession, and conditions resembling debt peonage. A chain of high-risk loans disbursed (...) -
Press release
9 days of events in Dakar to boost the CADTM international network’s struggle against illegitimate debt and to contribute to internationalist and feminist answers to the multidimensional crisis of capitalism
5 November 2021 - by CADTM International
From 8 to 16 November 2021, the CADTM International network will be meeting in Dakar (Senegal) to boost its struggle against illegitimate debt, whether public or private, in the North as in the South. First a feminist seminar will be devote to (...) -
Stop blaming the victims of the microfinance crisis!
24 May 2021 - by Amali Wedagedara, Nedha de Silva
The exponential growth of the microfinance industry in Sri Lanka does not correspond with its contribution to reducing poverty. Instead, it has escalated indebtedness among women, pushed them below subsistence and made victims of both personal (...) -
Sri Lanka: Microfinance debt trap: Still awaiting reprieve
4 May 2021 - by Maheesha Mudugamuwa
Thousands of innocent villagers, especially in the Northern, Eastern, and North Central Provinces are holding protests to raise a collective cry against the longstanding issues related to the microfinance debt trap that had claimed the lives of (...) -
A grim new year for debt-trapped rural women in Sri Lanka
16 April 2021 - by Meera Srinivasan
M. Champa Irangani is in no mood to celebrate ‘Avurudu’, or New Year, the biggest annual festival that Sri Lanka’s majority Sinhalese community observes mid-April, while Tamils celebrate the Tamil New Year around the same time. “The New Year will (...) -
Debt-driven suicides continue unabated in Sri Lanka
3 April 2021 - by Piyumi Fonseka
Sometimes a loan obtained to save a life can end up taking another life, in the debt-stricken villages of Sri Lanka. A 24-year-old mother killed her child and committed suicide two months ago due to her inability to repay a loan of Rs. 400, 000 (...) -
A movement for a moratory on the debt of region affected by Wakashio
2 April 2021 - by Stefan Gua
A movement to demand a moratorium on the debts of households and businesses in the disaster areas of Wakashio. This is the request of Lasanble Solider Mahébourg / lakot Sid-Es. They were some fifteen demonstrators of this collective gathered in (...) -
The bitter realities behind the Hingurakgoda satyagraha
2 April 2021 - by Amalini de Sayrah
On International Women’s Day (IWD) 2021, in a small tent located at the Polonnaruwa Raja Sabha Mandapaya, women sat down to begin a satyagraha against the microfinance debt that has crippled rural economies and left them helpless. Current (...) -
Sri Lanka’s household debt and the pound of flesh
15 March 2021 - by Amali Wedagedara
The complexity of the agrarian debt problem and the attractiveness of the idea of debt abolition made the cancellation of microfinance debt a popular campaign slogan during the Sri Lankan presidential election in November 2019. Women affected by (...) -
Debt: an infernal device at the heart of the feminization of migration
4 March 2021 - by Christine Vanden Daelen
Inducing everywhere in its wake a social reproduction crisis, i.e. a dispossession of the resources necessary to the reproduction of life, debt plays a central role in women’s migratory paths. It forces them to leave their homes and conditions (...) -
Development or Underdevelopment?
4 February 2021 - by Amali Wedagedara
The Sri Lankan economy revealed a principal contradiction during the last two weeks. The Colombo Stock Market was becoming one of the best performing stock markets in the world. In parallel, the real Sri Lankan economy is collapsing. A suicide (...) -
World Bank: Investigate Cambodia’s Micro-Loans
5 January 2021 - by Human Rights Watch
The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These longstanding problems have worsened (...) -
Micro credit : empowerment or victimisation?
10 December 2020 - by Sushovan Dhar, Sankha Subhra Biswas
The pandemic and the ensuing lock-down has hit India like never before. A report by K Chandra Shekhar and Kasif Mansorr from Azim Premji University states “According to the ILO report, in India, more than 400 million informal workers may get (...)
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