Confronting Microfinance: Undermining Sustainable Development
Kumarian Press, 2011 - 274 pages
* 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.
Challenging the Conventional Wisdom
The Experience of Medellín Colombia
Resolution or Extension of Poverty?
Entrepreneurialism May Not Be a Universal Norm
5 Undermining the Chances of Sustainable Development in India with Microfinance
PART 2 Southeastern Europe Experience
6 Impact of Microfinance in Croatia
8 Microfinance in Macedonia
What Has Really Been Achieved for the Poor?
A Critical View
PART 3 Conclusion
11 The End of Microfinance?
7 Microfinance in Serbia
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activities agricultural Andhra Pradesh Bangladesh Bank’s borrowers Bosnia and Herzegovina capital clients Colombia commercial banks Compartamos competition Croatia dairy DEMOS economic effectively employment empowerment enterprises entrepreneurs established example failure farming Finantial Bureau funds gender global Grameen Bank growth Ha-Joon Chang impact of microfinance important income India indigenous individuals informal sector initial institutions interest rates international development community international donor investment Latin America lending loans Macedonia major Medellín ment MFIs micro microcredit microcredit users microenterprise sector microenterprises microfinance industry microfinance model microfinance programs microfinance sector microlending microloan MikroPlus Milford Bateman MSME Muhammad Yunus neoliberal operations poor portfolio potential poverty reduction problem profits promote region repay Report Republic of Macedonia result Sarajevo self-employment Serbia simple Skopje SME sector social solidarity circle studies survey sustainable target three MFIs Washington DC women World Bank Yunus