The crises of microcredit / edited by Isabelle Guérin, Marc Labie and Jean-Michel Servet.

Format:

Book

Contributor:

Guérin, Isabelle, editor of compilation, author.

Labie, Marc, editor of compilation, author.

Servet, Jean-Michel, editor of compilation, author.

Language:

English

Subjects (All):

Microfinance.

Physical Description:

xi, 207 pages : illustrations ; 24 cm

Place of Publication:

London : Zed Books, 2015.

Summary:

Microcredit programs, which often give small loans to borrowers in developing countries who lack collateral, have been considered efficient tools for economic development in struggling regions around the world. Yet, recently, microcredit has come under increasing critic by experts who feel that these loans are doing more harm than good by creating a debt trap for borrowers as well as a privatized form of welfare. The Crises of Microcredit brings together distinguished contributors to offer the latest research on the effects of microcredit around the world. Drawing on extensive empirical research, this important volume examines the whole chain of microcredit--from investors and donors to clients-- in order to provide a comprehensive analysis of its impact. In doing so, the essays collected here shed light on the many causes of the current microcredit crisis, including microcredit organizations that have been unprepared for massive growth and greedy investors and shareholders attracted by profits. The result is a timely and necessary look at what has become one of the most contentious topics within global economic development.

Contents:

Microcredit crises and unsustainable growth: a management perspective / Bert D'Espallier, Marc Labie and Philippe Louis

Estimating levels of credit market saturation / Emmanuelle Javoy and Daniel Rozas

Microcredit crises and the absorption capacity of local economies / Isabelle Guérin and Jean-Michel Servet

Is the demand for microcredit in rural Tamil Nadu sustainable? / Isabelle Guérin, Cyril Fouillet, Santosh Kumar, Marc Roesch and G. Venkatasubramanian

How good repayment performances can harm borrowers: evidence from the Dominican Republic / Solène Morvant-Roux, Joana Afonso, Davide Forcella and Isabelle Guérin

The social credibility of microcredit in Morocco after the default crisis / Solène Morvant-Roux and Marc Roesch

Malaise in the Senegalese microfinance landscape / Eveline Baumann, Abdoulaye Fall and Cécile Godfroid

No Pago, a social movement against microcredit institutions in Nicaragua / Jean-Michel Servet

When microfinance collapses: development and politics in Andhra Pradesh / David Picherit.

Notes:

Includes bibliographical references and index.

ISBN:

9781783603756

1783603755

9781783603749

1783603747

OCLC:

905524548