This book investigates the claims of the success of microcredit, as well as critiques of it in the context of womena (TM)s empowerment. Using the case study of Bangladesh and based on a long term participatory observation method, the book establishes that the success stories of the microcredit programme are blown out of proportion. The dynamics of collective responsibility for repayment of loans by a group of women borrowers a " usually seen to be a tool for success of microcredit a " is in fact no less repressive than traditional debt collectors. Microcredit does produce a kind of disciplined self, but recipients also employ their own agency in resisting this disciplinary power. Results also show that the neoliberal policy of privatisation of welfare enables capitalism to extend its control to the poorest, most deprived of the world without breaking down the cultural barriers which keep women subjugated.
This book denies the universal applicability of the microcredit model to the causes and alleviation of the conditions of the poor, and, as it represents an aid practitioner working within Bangladesh questioning that universal applicability, it stands to make a worthwhile contribution to development debates, challenging adherents to more closely specify those conditions under which microcredit does indeed have validity.
Series: Routledge Contemporary South Asia
Tertiary; University or College
Number Of Pages: 160
Published: 20th December 2010
Country of Publication: GB
Dimensions (cm): 23.62 x 15.49
Weight (kg): 0.36
Edition Number: 1