Bobbi Gray
11 July 2019

Hi Lesley, great points. Somen Saha wrote in an article about microfinance institutions that integrate health programming that MFIs in India that provide health loans (which in some cases, I think get used for water/sanitation investments) are often considered "long-term investment loans" versus "consumption loans", because they do not produce value (in terms of cash inflow) in the short-run. I wonder if this is a way to think about these types of credit products, in that they either are risk-management investments or long-term investments--which can have long-lasting benefits to the borrower--versus, as you say, "consumption or non-productive" loans.