- Publisher: Zed Books
- ISBN: 9781783603749
- Price: $39.95 CAD
- Publication Date: Nov 2015
- Rights: Canada
- Pages: 189
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Crises of Microcredit
Edited by Isabelle Guérin, Marc Labie, Jean-Michel Servet
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.
Glossary of acronyms
Part I. Supply
1. Microcredit Crises and Unsustainable Growth: a Management Perspective–Bert D’Espallier, Marc Labie and Philippe Louis
2. Estimating Levels of Credit Market Saturation–Emmanuelle Javoy and Daniel Rozas
3. Microcredit Crises and the Absorption Capacity of Local Economies–Isabelle Guérin and Jean-Michel Servet
Part II. Demand
4. Is the demand for microcredit in rural Tamil Nadu sustainable?– Isabelle Guérin, Cyril Fouillet, Santosh Kumar, Marc Roesch and G. Venkatasubramanian
5. How Good Repayment Performances Can Harm Borrowers: Evidence from the Dominican Republic–Morvant-Roux Solènem, Joana Afonso, Davide Forcella and
6. The social credibility of microcredit in Morocco after the default crisis–Morvant-Roux Solène and Roesch Marc
Part III. Environment
7. Malaise in the Senegalese microfinance landscape–Eveline Baumann, Abdoulaye Fall, Cécile Godfroid
8. No Pago, a Social Movement Against Microcredit Institutions in Nicaragua–Jean-Michel Servet
9. When microfinance collapses: Development and politics in Andhra Pradesh–Picherit David
About the Authors
Dr. Isabelle Guérin is Senior Research Fellow at the research unit Development and Societies (Paris 1 Sorbonne/Institute of Research for Development), France and research associate at the French Institute of Pondicherry (India) and at CERMi (Belgium).
Marc Labie is Associate Professor at the Warocqué School of Business and Economics of the University of Mons (UMONS) where he teaches organization studies and management. He is also visiting professor at the Solvay Brussels School of Economics and Management (ULB).
Jean-Michel Servet is currently a professor at the Graduate Institute of International and Development Studies in Geneva and research associate at the Institut de Recherche pour le Développement (Paris), the French Institute of Pondicherry (India) and CERMI (Belgium). He is also Professor Emeritus of Lyon University.