Microfinance Microcredit
After Andhra ordinance, Centre may frame policy to regulate MFIs
The Andhra Pradesh government issued the controversial ordinance to regulate microfinance institutions despite the central government?s plea against any hasty decision on the demand to rein in these institutions following a spate of suicides by borrowers.
Faces of Microcredit: Mercedes
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Banker To The Poor: Micro-Lending and the Battle Against World Poverty $4.20 It began with a simple $27 loan. After witnessing the cycle of poverty that kept many poor women enslaved to high-interest loan sharks in Bangladesh, Dr. Muhammad Yunus lent money to 42 women so they could purchase bamboo to make and sell stools. In a short time, the women were able to repay the loans while continuing to support themselves and their families. With that initial eye-opening suc… |
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Microfinance and Its Discontents: Women in Debt in Bangladesh $22.09 In 2006 the Grameen Bank of Bangladesh won the Nobel Peace Prize for its innovative microfinancing operations. This path-breaking study of gender, grassroots globalization, and neoliberalism in Bangladesh looks critically at the Grameen Bank and three of the leading NGOs in the country. Amid euphoria over the benefits of microfinance, Lamia Karim offers a timely and sobering perspective on the pra… |
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Poverty Capital: Microfinance and the Making of Development $28.25 This is a book about poverty but it does not study the poor and the powerless; instead it studies those who manage poverty. It sheds light on how powerful institutions control “capital,” or circuits of profit and investment, as well as “truth,” or authoritative knowledge about poverty. Such dominant practices are challenged by alternative paradigms of development, and the book details these as wel… |