The Crises of Microcredit (Paperback)Isabelle Guerin (editor), Marc Labie (editor), Jean-Michel Servet (editor), Mouhamedoune Abdoulage Fall (author of contributions), Cyril Fouillet (author of contributions), David Picherit (author of contributions), Florent Bedeccarats (author of contributions), Francois Doligez (author of contributions), Emmanuelle Javoy (author of contributions), Daniel Rozas (author of contributions)
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Drawing on extensive empirical research conducted in various parts of the world - from Morocco to Senegal to India - this important volume examines the whole chain of microcredit to provide the answers to these questions. In doing so, the authors highlight the diversity of crises, both in intensity and in nature, while also shedding light on a diversity of causes, be it microcredit organizations unprepared for massive growth, saturated local economies or greedy investors and shareholders attracted by profits. Crucially, the authors demonstrate that microcredit is not a monolithic project, and the crises should also be analysed in the light of national histories and policies.
An original and necessary intervention in what has become one of the most contentious topics within the development world.
Publisher: Zed Books Ltd
Number of pages: 224
Weight: 386 g
Dimensions: 234 x 156 x 156 mm
'A collection of concise, highly readable essays that explain how and why this activity has gone so wrong in varying social, political and cultural contexts.'
`Valuable, if not essential, reading for both aficionados of financial inclusion
and its critics.'
Journal of International Development
'In this finely structured, well-written, comparativist book, a set of distinguished scholars with rich field experience dissect the many micro-credit crises worldwide to provide better practice for the future. Add this to your shelves, read and recommend to students and practitioners!'
Barbara Harriss-White, Wolfson College, University of Oxford
'A deeply informed, intelligent examination of microcredit. A once universally celebrated concept, the contributors point instead to a market-driven Hobbesian world of hyper-competition, with the poor made worse off than ever. An important and convincing read for anyone still seduced by the myths of microcredit.'
Milford Bateman, author of Why Doesn't Microfinance Work?
'The contributors' real-world expertise results in a hard-headed but balanced assessment of the pitfalls and promise of microcredit. Recommended.'
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