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Item Details
Title: THE CRISES OF MICROCREDIT
By: Isabelle Guerin (Editor), Marc Labie (Editor), Jean-Michel Servet (Editor)
Format: Paperback

List price: £24.99


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ISBN 10: 1783603747
ISBN 13: 9781783603749
Publisher: ZED BOOKS LTD
Pub. date: 8 October, 2015
Pages: 224
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.
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.
Publication: UK
Imprint: Zed Books Ltd
Returns: Returnable
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