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Microfinance : Perils and Prospects - Jude L. Fernando


Perils and Prospects

By: Jude L. Fernando (Editor)

Hardcover Published: 24th November 2005
ISBN: 9780415328746
Number Of Pages: 242

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Microfinance is defined as the financial services offered to the poor for the purpose of promoting small-scale enterprises, and as such it is one of the most important topics in development studies and a burgeoning area in economics.

This volume provides a much-needed historical, political and economic dimension to the current knowledge on microfinance. Collectively, the contributors chart the relationship between the prevailing popularity of microfinance and the consolidation of neoliberal economic ideology worldwide. They demonstrate how microfinance, as a market-friendly approach to development, coincides with the global trend towards diminishing the role of the state in economic development, basic healthcare, education and welfare. The articles in the volume focus on the empirical analyses of the experience of microfinance in women's everyday lives, but rejects the connection between microfinance and women's empowerment so often imputed in literature.

This book offers regional, cultural and other explanations for variable assessments of microfinance and empowerment. It fills a huge gap in published microfinance literature and will be of great interest to postgraduates and professionals in the fields of economics, international finance and banking.

Industry Reviews

'This book is a useful addition to the growing literature on this subject. The book is recommended to all those who would like to get a glimpse of microcredit as it functions in different settings' - The Financial Regulator

'This book is simple to read and understand, even though it deals with the complexities of microfinance, as well as the impacts of the historical, political, economic and social spheres in which microfinance programs operate. It analyzes a variety of topics...and the case studies allow anyone - whether new to microfinance or quite knowledgeable on the subject - to learn something new. This book provides food for thought and cues for further research! I would recommend it to development students, researchers, program managers, and to those interested in developing a critical understanding of microfinance.' - Kim Neverson, African Review of Economics and Finance

List of contributorsp. xi
Acknowledgementsp. xiii
Introduction. Microcredit and empowerment of women: blurring the boundary between development and capitalismp. 1
The global political economy of microfinance and poverty reduction: locating local 'livelihoods' in political analysisp. 43
Disciplining the developmental subject: neoliberal power and governance through microcreditp. 64
Social capital, microfinance, and the politics of developmentp. 89
Rebuilding social capital in post-conflict regions: women's village banking in Ayacucho, Peru and in Highland Guatemalap. 112
"Banking on culture": microcredit as incentive for cultural conservation in Malip. 133
The darker side to microfinance: evidence from Cajamarca, Perup. 154
Banking on bananas, crediting crafts: financing women's work in the Philippine Cordillerap. 172
Microcredit and empowerment of women: visibility without powerp. 187
Indexp. 239
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780415328746
ISBN-10: 0415328748
Series: Routledge Studies in Development Economics
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 242
Published: 24th November 2005
Country of Publication: GB
Dimensions (cm): 23.88 x 21.49  x 1.96
Weight (kg): 0.51
Edition Number: 1