The Crises of Microcredit

✍ Scribed by Isabelle Guérin; Marc Labie; Jean-Michel Servet (editors)

Publisher: Zed Books
Year: 2015
Tongue: English
Leaves: 221
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

Microcredit programmes, long considered efficient development tools, now face unprecedented crises in a number of countries. Is this the end of microcredit or rather an essential step in its expansion? Should we stop microcredit altogether or rethink the way it is implemented?
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.
ISBN 978–1–78360–375–6 hb

✦ Table of Contents

Front Cover
About the Editors
Title Page
Copyright
Contents
Figures, Tables and Boxes
Acknowledgements
Acronyms and Abbreviations
Introduction
Part I Supply
1 | Microcredit Crises and Unsustainable Growth: A Management Perspective
2 | Estimating Levels of Credit Market Saturation
3 | Microcredit Crises and the Absorption Capacity of Local Economies
Part II Demand
4 | Is the Demand for Microcredit in Rural Tamil Nadu Sustainable?
5 | How Good Repayment Performances Can Harm Borrowers: Evidence from the Dominican Republic
6 | The Social Credibility of Microcredit in Morocco After the Default Crisis
Part III Environment
7 | Malaise in the Senegalese Microfinance Landscape
8 | No Pago, a Social Movement Against Microcredit Institutions in Nicaragua
9 | When Microfinance Collapses: Development and Politics in Andhra Pradesh
Conclusion
About the Contributors
Index
Back Cover

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