The endorsements expressed about this book are strictly opinions of the individuals concerned. They are not the views of the organizations/institutions that these individuals represent and/or positions that these individuals hold.
“Every popular phenomenon needs a good novel, and microfinance has now got Ramesh Arunachalam’s “Where angels prey”. Microfinance has attracted more than it’s share of academic evaluations, manuals, critiques, panegyrics and so on, which are generally heavy stuff, but this book is very different, and in many ways much better. It is fun to read, even something of a ‘page turner’ and it illustrates both the financier’s and the client’s sides of the industry. I know all too well that most students dislike and when possible ignore official ‘reading lists’, but I shall now include “Where angels prey”. My students will enjoy it, and they will learn a great deal from it which they would not have learned from reading the work of more traditional observers such as myself and all too many others”
“‘When angels prey’ is a riveting, difficult -to- put down book. Though fictional, it also mirrors the real story of the phenomenal and unregulated expansion, decline and resurrection of private corporates in the micro finance sector; the disastrous impact of their aggressive and unscrupulous tactics on the lives of innumerable poor borrowers, and the complex web of social and political linkages between promoters, financiers and powerful segments of local and national political elite that shaped the "corrective' reforms.”
"Where Angels Prey is a compelling and disturbing story of greed and exploitation on a massive scale. ... Striking an uncanny balance of story-telling and factual relevance, Where Angels Prey uncovers predatory exploitation on such a massive scale, it is dizzying at times. ... A modern day version of Buck’s The Good Earth, Where Angels Prey is a haunting reminder of the dark side of money and capitalism (Book Review)"
"Where Angles Prey is extremely interesting. I thoroughly enjoyed reading the book, particularly because I was personally involved in the investigation of MFIs as a member of the RBI Board Team (Reserve Bank of India) which was constituted by the Reserve Bank of India, the report of which was submitted to RBI in 2011"
“Finished reading Where Angels Prey and it fulfils all expectations. Reads like a thriller. Obviously a well-researched novel but also written in good style and in excellent English. Ramesh, you seem to have discovered another talent. Enjoy the success”
“Where Angels Prey is an innovative and easily understandable fictional account of what went wrong with Microfinance sector in Andhra Pradesh. Just as the growth was spectacular, the collapse of micro finance institutions too was equally dramatic. This fictional account on top of actual events gives great insights on what went wrong, a perspective that is hard to cover in news reports and non-fiction books”
“I have enjoyed reading the book, "Where Angels Prey". The language and the style adopted are smooth flowing, making it comfortable to read. The suspense created is so gripping that I finished reading it in one go! I am particularly impressed with the meticulous care displayed in presenting the details of the complex world of micro finance in India, its sleaze, its nexus with the political economy of the State and the way the official system works. Though it is fiction, it is highly realistic and revealing. Congratulations for coming out with such an educative novel!”
"The author has taken certain well-recognised features of India's microfinance industry. He has then blended it with such creative licence as a writer is entitled to, to weave a compelling narrative that leaves the reader guessing where fact ends and fiction begins"
"Wow, what an amazing, engaging, honest, searing tale! I absolutely adored this book. I started to read it and I was hooked. I could not put it down until I reached the end. A completely believable and mind boggling eyeopener of a tale of greed, corruption and altruism and its effect on the desperately poor. Beautifully written, with not one word out of place, it gives a very clear and scary picture of what could and does go wrong in India today. An amazing book which will stay with me,"
"Where Angels Prey is an engaging and touching story of the collision of altruism and aspiration. Its narration of how the Indian rural poor suffer from this collision, in the context of the spectacular growth and equally spectacular crisis of the Andhra Pradesh microfinance industry, shocks and moves. I found it a most enjoyable, but also most disturbing, read!"
"During the very spectacular implosion of microfinance in Andhra Pradesh in 2010, Ramesh Arunachalam was merciless in his analysis. Combining field trips, secondary research and his experience in the rural development space, he stripped bare the malaise in the sector. It is excellent that he has now parsed all that know how into this racy entertaining novel."
"This novel is a brilliant piece of work from a person who has seen at close quarters the microfinance industry's rise and fall in Andhra Pradesh. The plot, fit for a movie, is beautifully woven into all the happenings that have plagued the sector. It makes for such a compelling read that it can't be put down even once!"
"Money is trust encrypted; the story of how it can be used to destroy trust in the name of the poor is vividly portrayed in this highly entertaining book…the title says it all."
"Where Angels Prey is art imitating life ... a great read the first and the second time around."
"Really enjoyed the novel Where Angels Prey.... Its unique plot and fast pace make it a very entertaining and smooth read."
"Where Angels Prey is wonderfully written and captivating. I thought I'd read a chapter, but the narrative was so gripping I went through the whole book at one stretch."
"Where Angels Prey pulls and absorbs you into its plot and holds you there from start to finish."
"A Brilliant Read—Where Angels Prey blurs the line between fiction and truth. From a man who understands money as well as anyone I know, this book paints the two worlds that wrestle in India in the 21st century. Descriptive, taut, with well-etchedout characters, and most importantly entertaining. This book is crying out to be made into a film!"
"Riveting…. Designed to be the ideal solution to meet the financial needs of the poor, somewhere the microfinance sector decided to change course to be in the commercial, profit-making zone, placing millions of lives at the risk of failure and complete bankruptcy. Many sector leaders became the same demons, if not worse, that they swore to slay. The book beautifully highlights the interconnectedness of issues and actors, helping the reader analyse the situation on the ground and questioning many of the so-called 'accepted' truths. Congratulations to Ramesh for having successfully converted his long-standing experience with the sector into a gripping narrative that will have readers asking for much more."
"From rural Andhra Pradesh to the shiny lobbies of Wall Street, this financial thriller is a must read for everybody. Don't worry if you're not familiar with microfinance because Ramesh Arunachalam breaks down the concepts and the scams associated with microfinance in this entertaining saga. This book boasts of Arunachalam's sheer brilliance as a writer and as a financial expert. Smooth, fast and nail-biting! I wonder when the movie is going to be out!"
"Fantastic storyline, but startlingly realistic; written racily, yet in impeccable English. Interweaving fact and fiction, this novel is a creative and compelling read."
"No one doubted the power of microfinance in pulling millions out of poverty. But, a spate of suicides by the borrowers in 2010 raised more questions than answers. For an inside story of what happened and why, you don't need to go farther than this brilliant yet entertaining novel, which is so hard to put down. Ramesh's idea to write the microfinance story as fiction is ingenious. The intrigue behind the rise and fall of the sector could be brought out no holds barred. It's a must read. Like one of the characters in the book said, 'We owe it to them—to each of those fifty plus people who have been robbed of their lives, and to the hundreds of thousands of others whose trust has been violated'."
"Where Angels Prey is really an excellent read! This graphic exploration of the once universally-lauded microfinance industry is bang on target. It works not just as a great read but as something to make you think a little deeper along the way. Written with flair, verve and a superb eye for detail—which is not surprising as Arunachalam is India's leading microfinance analyst—this gripping novel is a trip into the darker side of the poverty industry as it rampages and careens through the lives of the poor under cover of actually helping them. I look forward to the film in due course—it will be India's very own 'Wall Street'!"
"Where Angels Prey - What a wonderful read! I loved the book and most especially the philosophical puzzle of how it ends. This MUST READ rip-roaring piece of fiction races the reader through the halls of the Mumbai and New York Stock exchanges and into the villages of Andhra Pradesh. Where Angels Prey exposes the worst of what can happen when commercial interests and desperation collide: a train wreck tragic in every way. At the heart of the story, as two journalists work unstoppably to interpret a rain of motives, they uncover why and how the angels prey."
"I read Where Angels Prey by Ramesh Arunachalam in one sitting. A tightly and well written plot. Yes, it's true the poor lead doomed lives. There is an occasional break, a sliver of dawn but that proves elusive though not enough for a few determined reporters to find a story. Will their efforts end and end well or is there a sequel. Only time and Ramesh can tell if the crooks take it all"