The crises of microcredit
By: edited by Isabelle Guérin, Marc Labie and Jean-Michel Servet
Publisher: Zed Books
Published: 2015
Language: eng
Number of pages: 207
ISBN-13: 9781783603756; 9781783603749
Subjects: Microfinance
Description: An important volume that examines the highly contested subject of microcredit, showing how its increasing inefficiency and sub-prime nature has resulted in multiple crises. 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.--Publisher website.
Notes: Includes bibliographical references and index.
Table of contents: title: Microcredit crises and unsustainable growth: a management perspective  -- Bert D'Espallier, Marc Labie and Philippe Louis; title: Estimating levels of credit market saturation  -- Emmanuelle Javoy and Daniel Rozas; title: Microcredit crises and the absorption capacity of local economies  -- Isabelle Guérin and Jean-Michel Servet; title: Is the demand for microcredit in rural Tamil Nadu sustainable?  -- Isabelle Guérin, Cyril Fouillet, Santosh Kumar, Marc Roesch and G. Venkatasubramanian; title: How good repayment performances can harm borrowers: evidence from the Dominican Republic  -- Solène Morvant-Roux, Joana Afonso, Davide Forcella and Isabelle Guérin; title: The social credibility of microcredit in Morocco after the default crisis  -- Solène Morvant-Roux and Marc Roesch; title: Malaise in the Senegalese microfinance landscape  -- Eveline Baumann, Abdoulaye Fall and Cécile Godfroid; title: No Pago, a social movement against microcredit institutions in Nicaragua  -- Jean-Michel Servet; title: When microfinance collapses: development and politics in Andhra Pradesh -- David Picherit.