The rise and fall of global microcredit: development, debt and disillusion

Table of Contents

Part I: An overview

1. Introduction
Milford Bateman, Stephanie Blankenburg and Richard Kozul-Wright

2. Development prospects in an era of financialization
Richard Kozul-Wright

3. Microcredit and development
Milford Bateman

Part II: Country case studies

4. Looking through the glass, darkly: Microcredit in Peru
Matthew Bird

5. Brazil – Latin America’s unsung hero
Fernanda Feil and Andrej Slivnik

6. Colombia: A critical look
Daniel Munevar

7. Mexico and the microcredit model
Eugenia Correa and Laura Vidal

8. Sustainability paradigm to paradox: a study of microfinance clients’ livelihoods in Bangladesh
Mathilde Maitrot

9. Cambodia – the next domino to fall?
Milford Bateman

10. The instability of commercial microcredit: Understanding the Indian crisis with Minsky
Philip Mader

11. Collective resistances to microcredit in Morocco
Solène Morvant-Roux and Jean-Yves Moisseron

12.Microcredit as post-apartheid South Africa’s own US-style sub-prime crisis
Milford Bateman

Part III: Policy implications

13. Financing development in the global economy post-2015: An alternative agenda
Stephanie Blankenburg

14. Conclusion
Milford Bateman, Stephanie Blankenburg and Richard Kozul-Wright

In the mid-1980s the international development community helped launch what was to quickly become one of the most popular poverty reduction and local economic development policies of all time. Microcredit, the system of disbursing tiny micro-loans to the poor to help them to establish their own income-generating activities, was initially highly praised and some were even led to believe that it would end poverty as we know it. But in recent years the microcredit model has been subject to growing scrutiny and often intense criticism. The Rise and Fall of Global Microcredit shines a light on many of the fundamental problems surrounding microcredit, in particular, the short- and long-term impacts of dramatically rising levels of microdebt. Developed in collaboration with UNCTAD, this book covers the general policy implications of adverse microcredit impacts, as well as gathering together country-specific case studies from around the world to illustrate the real dynamics, incentives and end results. Lively and provocative, The Rise and Fall of Global Microcredit is an accessible guide for students, academics, policymakers and development professionals alike.

https://www.routledge.com/The-Rise-and-Fall-of-Global-Microcredit-Development-debt-and-disillusion/Bateman-Blankenburg-Kozul-Wright/p/book/9781138714120