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Microcredit Meltdown
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Book Synopsis Microcredit Meltdown by : Crystal Murphy
Download or read book Microcredit Meltdown written by Crystal Murphy and published by Rowman & Littlefield. This book was released on 2018-12-03 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Established to help people jump start their lives and economy after over a half century of conflict, the South Sudanese microcredit sector collapsed in 2012 to the detriment of some 80,000 participants. This book is an account of the ambitious launch and premature downfall of the Southern Sudanese microcredit industry.
Book Synopsis The Crises of Microcredit by : Isabelle Guérin
Download or read book The Crises of Microcredit written by Isabelle Guérin and published by Zed Books Ltd.. This book was released on 2015-10-15 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis The Rise and Fall of Global Microcredit by : Milford Bateman
Download or read book The Rise and Fall of Global Microcredit written by Milford Bateman and published by Routledge. This book was released on 2018-10-09 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Micro-Meltdown: The Inside Story of the Rise, Fall, and Resurgence of the World's Most Valuable Microlender by : Vikram Akula
Download or read book Micro-Meltdown: The Inside Story of the Rise, Fall, and Resurgence of the World's Most Valuable Microlender written by Vikram Akula and published by Harper Collins. This book was released on 2018-06-25 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vikram Akula founded SKS Microfinance with a clear mission: improve the lives of poor people in India by providing small loans. These small loans, used to start or expand businesses and generate earnings, were a proven path out of poverty for tens of thousands around the world. Vikram wasn't the first person to bring microfinance to India, but his idea was to do it on a much larger scale, for millions. He would do this by making SKS Microfinance a unique for-profit institution. SKS flourished, distributing billions of dollars in loans. The company was applauded for blending philanthropy and capitalism, and Akula appeared on the covers of the Wall Street Journal and TIME magazine as one of the most influential people in the world. But just as he thought he was making a difference, a storm was brewing. In 2010, a fierce political backlash in India created an implosion. Politicians began attacking microfinance and telling those living in poverty not to repay loans. Soon, SKS had to write off $280 million in loans and lay off 10,000 employees. For decades, microfinance had been heralded as a key solution to global poverty, but, nearly overnight, it came to be viewed as a villain. One of the most exciting recent developments is the rise of new businesses and entrepreneurs committed to social good. Social enterprises have the potential to transform societies, but there are risks as well as benefits. Micro-Meltdown is the story of SKS's tremendous success, the oversights that led to disaster, the eventual resurgence, and the lessons learned. It is essential reading for any would-be entrepreneur who wants to change the world for the better. It offers an insider's account of both the keys to success and the risks that must be managed.
Book Synopsis Why Doesn't Microfinance Work? by : Milford Bateman
Download or read book Why Doesn't Microfinance Work? written by Milford Bateman and published by Zed Books Ltd.. This book was released on 2010-06-10 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its emergence in the 1970s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries. It is beloved of rock stars, movie stars, royalty, high-profile politicians and ‘troubleshooting’ economists. In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn’t actually work. In fact, the case for it has been largely built on hype, on egregious half-truths and – latterly – on the Wall Street-style greed of those promoting and working in microfinance. Using a multitude of case studies, from India to Cambodia, Bolivia to Uganda, Serbia to Mexico, Bateman demonstrates that microfi nance actually constitutes a major barrier to sustainable economic and social development, and thus also to sustainable poverty reduction. As developing and transition countries attempt to repair the devastation wrought by the global financial crisis, Why Doesn’t Microfinance Work? argues forcefully that the role of microfinance in development policy urgently needs to be reconsidered.
Download or read book Micro-Meltdown written by and published by . This book was released on 2019-11-20 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Microfinance and Financial Inclusion by : Eugenia Macchiavello
Download or read book Microfinance and Financial Inclusion written by Eugenia Macchiavello and published by Routledge. This book was released on 2017-07-20 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the recent global financial crisis there is a growing interest in alternative finance – and microfinance in particular – as new instruments for providing financial services in a socially responsible way or as an alternative to traditional banking. Nonetheless, correspondingly there is also a lack of clarity about how to regulate alternative financial methods particularly in light of the financial crisis’ lessons on regulatory failure and shadow banking’s risks. This book considers microfinance from a legal and regulatory perspective. Microfinance is the provision of a wide range of financial services, particularly credit but also remittances, savings, to low-income people or financially excluded people. It combines a business structure with social inspiration, often resorts to technological innovations to lower costs (Fintech: e.g. crowdfunding and mobile banking) and merges with traditional local experiences (e.g. financial cooperatives and Islamic finance), this further complicating the regulatory picture. The book describes some of the unique dimensions of microfinance and the difficulties that this can cause for regulators, through a comparative analysis of selected European Union (EU) countries’ regimes. The focus is in fact on the EU legal framework, with some references to certain developing world experiences where relevant. The book assesses the impact and validity of current financial regulation principles and rules, in light of the most recent developments and trends in financial regulation in the wake of the financial crisis and compares microfinance with traditional banking. The book puts forward policy recommendations for regulators and policy makers to help address the challenges and opportunities offered by microfinance.
Book Synopsis A Microcredit Crisis Averted by : Greg Chen
Download or read book A Microcredit Crisis Averted written by Greg Chen and published by . This book was released on 2013-07-15 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book microcrisis written by Mike Lew and published by Dramatists Play Service, Inc.. This book was released on 2019-08-12 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Set fast on the heels of the Great Recession, microcrisis hinges on the Nobel Peace Prize-winning concept of microcredit, the small loans to budding entrepreneurs meant to alleviate third-world poverty. This uproarious comedy is about what happens when a banker named Bennett exploits microcredit loans, lumps them into complex financial instruments, and crashes the global economy.
Book Synopsis Microfinance 2.0 - Group Formation & Repayment Performance in Online Lending Platforms During the U.S. Credit Crunch by : Thilo Klein
Download or read book Microfinance 2.0 - Group Formation & Repayment Performance in Online Lending Platforms During the U.S. Credit Crunch written by Thilo Klein and published by ibidem-Verlag / ibidem Press. This book was released on 2010-10-01 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance 2.0 examines the role of reputation-based intermediaries on the world’s largest peer-to-peer online lending platform. This marketplace as well as other recently opened lending websites allow people to auction microcredit over the Internet and are in line with the disintermediation in financial transactions through the power of enabling technologies. To mitigate severe information asymmetries in anonymous online transactions, the platforms allow lenders to delegate the screening of potential borrowers and the monitoring of loan repayments to designated group leaders. Thilo Klein provides an in-depth study into the mechanisms of these credit information networks and critically assesses their potential to ease access to finance for the credit-constrained during the US credit crunch.
Book Synopsis The Impact of the Global Financial Crisis on Microfinance and Policy Implications by : Gabriel Di Bella
Download or read book The Impact of the Global Financial Crisis on Microfinance and Policy Implications written by Gabriel Di Bella and published by . This book was released on 2011-07-01 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis affected microfinance institutions (MFIs) as lending growth was constrained by scarcer borrowing opportunities, while the economic slowdown negatively impacted asset quality and profitability. It also brought to the fore the relatively high interest rates that MFIs charge to their (low-income) customers. This paper revisits the issue of systemic risk of MFIs, and finds that contrary to the evidence before the crisis, MFI performance is correlated not only to domestic economic conditions but also to changes in international capital markets. It also presents an empirical analysis of lending rates with the purpose of informing policy decisions, and finds that loan sizes, productivity, and MFI age contribute to explain differences in lending rate levels. This suggest that regulation (and policies) promoting MFI competition, and innovation in lending technologies have a better chance to result in decreased lending rates.
Download or read book Due Diligence written by David Roodman and published by CGD Books. This book was released on 2012 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The idea that small loans can help poor families build businesses and exit poverty has blossomed into a global movement. The concept has captured the public imagination, drawn in billions of dollars, reached millions of customers, and garnered a Nobel Prize. Radical in its suggestion that the poor are creditworthy and conservative in its insistence on individual accountability, the idea has expanded beyond credit into savings, insurance, and money transfers, earning the name microfinance. But is it the boon so many think it is? Readers of David Roodman's openbook blog will immediately recognize his thorough, straightforward, and trenchant analysis. Due Diligence, written entirely in public with input from readers, probes the truth about microfinance to guide governments, foundations, investors, and private citizens who support financial services for poor people. In particular, it explains the need to deemphasize microcredit in favor of other financial services for the poor.
Download or read book Microfinance 3.0 written by Doris Köhn and published by Springer. This book was released on 2013-12-02 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.
Book Synopsis Jesus for Zanzibar: Narratives of Pentecostal (Non-)Belonging, Islam, and Nation by : Hans Olsson
Download or read book Jesus for Zanzibar: Narratives of Pentecostal (Non-)Belonging, Islam, and Nation written by Hans Olsson and published by BRILL. This book was released on 2019-07-29 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Jesus for Zanzibar Hans Olsson offers an ethnographic account of the lived experience and socio-political significance of Pentecostal Christians in Muslim Zanzibar, and religious agents’ relation to contestations over the islands place in the Tanzanian nation.
Book Synopsis Regional Economic Development in the Balkan Region by : Teoman Duman
Download or read book Regional Economic Development in the Balkan Region written by Teoman Duman and published by Cambridge Scholars Publishing. This book was released on 2016-01-14 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume brings together original scientific studies on current economic and developmental issues in the Balkan region, and is composed of papers by 25 authors from seven different countries. The Balkan region has gained significant interest in recent years due to its location and strategic position, representing a doorway to Europe, and the region’s stability and progress have direct consequences on various European countries. Because of this strategic position, there is currently much debate regarding a potential partnership of the Balkan states with the European Union. This book offers insights into the current economic and developmental status of the countries in this region, offering a series of chapters that analyse the area from a variety of perspectives. It begins with a discussion on the recent history of the region, especially with reference to the former Yugoslavia and its break-up after the turbulence experienced in 1990s. Other sections are complementary to each other in that they offer comparisons of the Balkan states in their economic progress at the micro and macro levels. Topics such as European integration policies and effects, economic transition, regional trade, tax incentive policy, regional capital markets, regional development agencies and systems, remittances and foreign aid contributions, import-export policies, fiscal policies, analysis of regional microfinance, and the tourism sectors are explored in detail throughout the book.
Book Synopsis Seduced and Betrayed by : Milford Bateman
Download or read book Seduced and Betrayed written by Milford Bateman and published by University of New Mexico Press. This book was released on 2017 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this multidisciplinary volume consider the origins, evolution, and outcomes of microfinance from a variety of perspectives and contend that it has been an unsuccessful approach to development.
Book Synopsis Seduced and Betrayed by : Milford Bateman
Download or read book Seduced and Betrayed written by Milford Bateman and published by University of New Mexico Press. This book was released on 2017-05-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance began as the disbursement of tiny loans to the poor, which they could use to undertake informal income-generating activities. It went on to become one of the most popular international development policies of all time and a mainstay of local development and antipoverty programs across the Global South. The contributors to this multidisciplinary volume consider the origins, evolution, and outcomes of microfinance from a variety of perspectives and contend that it has been an unsuccessful approach to development. The contributors contend that over the last twenty years, microfinance policies have exacerbated poverty and exclusion, undermined gender empowerment, underpinned a massive growth in inequality, destroyed solidarity and trust in the community, and, overall, manifestly weakened those local economies of the Global South where it reached critical mass. They use qualitative anthropological, economic, and political-economic research to unpack the ideas and values that have allowed microfinance to “seduce” the world and blind so many to its corrosive effects.
