The Andhra Pradesh Crisis: Three Dress Rehearsals … and then the Full Drama

• by Graham Wright and Manoj Sharma
• Dec 6, 2010
• 1 min
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This note explores “three Ks” and critically examines the responses of the microfinance industry.

In the four years prior to the Andhra Pradesh crisis, Indian microfinance had three dress rehearsals for the final drama now unfolding. In Indian microfinance circles, these are known as the “three Ks” and each provided an important lesson and warning for the Indian microfinance industry. This note explores these and critically examines the responses of the microfinance industry.