Confessions of a microfinance heretic : how microlending lost its way and betrayed the poor / Hugh Sinclair.

Format:

Book

Author/Creator:

Sinclair, Hugh.

Contributor:

Korten, David C.

Language:

English

Subjects (All):

Microfinance.

Poor.

Finance--Developing countries.

Finance.

Developing countries.

Physical Description:

xviii, 268 pages : illustrations ; 25 cm

Edition:

First edition.

Place of Publication:

San Francisco : Berrett-Koehler Publishers, [2012]

Summary:

Part memoir, part financial detective story, and part expos, this work by a microfinance insider--previously an anonymous source for "The New York Times"--tells of banks seduced by the high pay-back rate of the loans, rampant corruption, exorbitant interest rates, and microloans leading to fraud, child labor, and even suicide.

Contents:

Thou shalt not criticize microfinance

Baptism in Mexico

Bob Dylan and I in Mozambique

Another Mozambican civil war

The "developed" world

Something not quite right in Nigeria

Something not quite right in Holland

In front of the judge

Rustling Dutch feathers

Blowing the whistle from Mongolia

Enter the New York Times

Collapse, suicide, and Muhammad Yunus

The good, the bad, and the poor

Appendix: Microfinance economics.

Notes:

Foreword by David Korten.

Includes bibliographical references (pages 251-260) and index.

ISBN:

9781609945183

1609945182

OCLC:

760975767