Microfinance »

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.

Contributors
Acknowledgements
1: Introduction: Discourse of microcredit: framing and disciplining the subjects of development
Jude L Fernando
2: The global political economy of microfinance and poverty reduction: locating local "livelihoods" in political analysis
Heloise Weber
3: Disciplining the Developmental Subject: Neoliberal Power and Governance through Microcredit
Morgan Brigg
4: Social Capital, Microfinance, and the Politics of Development
Katharine N. Rankin
5: Rebuilding Social Capital in Post Conflict Regions. Women's Village Banking in Ayacucho, Peru and in Highland Guatemala
Denise Humphreys Babbington and Arelis Gomez
6: Banking on Culture: Microcredit as Incentives for Cultural Conservation in Mali
Tara Deubel
7: The Darker Side to Microfinance: Evidence from Cajamarca, Peru
Katie Wright
8: Microcredit and Poverty Reduction: Trade-Off Between Institutional Success and Borrowers' Livelihoods
Aminur Rahman
9: Banking on Bananas, Crediting Crafts: Financing Women's Work in the Philippine Cordillera
B. Lynne Milgram
10: Microcredit and Empowerment of Women: Visibility Without Power
Jude L. Fernando