Confronting Microfinance: Undermining Sustainable Development

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Milford Bateman
Kumarian Press, 2011 - Business & Economics - 274 pages
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* Uses empirical evidence and contributor fieldwork to get at the heart of debates on microfinance claims* Incorporates global perspective but focuses on Southeast Europe, a key arena for microfinance and microcredit programsDespite the popularity of microfinance, it is a field that remains remarkably under-theorized. Most evaluations carried out by international development agencies, academics, and independent researchers focus on tweaking what they see as an already beneficial system. Rarely are the very foundations of microfinance brought into question. Instead, their studies presuppose impact without evidence, ignore potentially important issues, and utilize faulty evaluation methodologies.Bateman and contributors provide critical perspectives on microfinance that reach beyond the desire for technical perfection held dear by almost all microfinance institutions. It charts actual economic and social impacts registered in Southeast Europe to date, both in the context of post-communist transition and post-conflict reconstruction. It examines key cross-cutting issues, providing a more holistic and comprehensive approach to microfinance. One of the few books available that provides a robust critique of microfinance, "Confronting Microfinance" is sure to fire up the debate on this popular poverty-fighting measure.
 

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Contents

Looking Beyond the Hype and Entrenched Myths
1
Challenging the Conventional Wisdom
23
The Experience of Medellín Colombia
25
Resolution or Extension of Poverty?
49
Entrepreneurialism May Not Be a Universal Norm
65
5 Undermining the Chances of Sustainable Development in India with Microfinance
83
PART 2 Southeastern Europe Experience
97
6 Impact of Microfinance in Croatia
99
8 Microfinance in Macedonia
153
What Has Really Been Achieved for the Poor?
175
A Critical View
207
PART 3 Conclusion
229
11 The End of Microfinance?
231
References
239
Contributors
255
Index
261

7 Microfinance in Serbia
125

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About the author (2011)

Milford Bateman is a Croatia-based freelance consultant specializing in sustainable local economic development policy and community development strategies in the Western Balkans.