1 edition of Can microfinance work? found in the catalog.
Can microfinance work?
Written in English
Includes bibliographical references (pages 197-213) and index.
|LC Classifications||HG178.3 S536 2016|
|The Physical Object|
|Pagination||xix, 230 pages|
|Number of Pages||230|
|LC Control Number||2015035120|
looked at microfinance and what it actually is. A decade ago, researchers began an inten-sive year-long engagement with about poor and low-income families in India, South Africa and Bangladesh; the findings were pub lished in the book Portfolios of the Poor: How the World’s Poor Live on $2 a Day. (I was an ad-viser and coauthor.). Can Microfinance Work? How to Improve Its Ethical Balance and Effectiveness by Lesley Sherratt. New York: Oxford University Press, pp. ISBN: - Volume 28 Issue 2 - Author: Marek Hudon.
In his book Due Diligence, played a critical role in creating a powerful example of how microcredit for the extremely poor can work. As Roodman writes, other groups had done similar things Author: Stephanie Wykstra. Microfinance can still help the poor, but we owe it to “the least of these” to determine as best we can whether our particular strategies for helping them are in fact helpful, even if that means scrutinizing a favored approach.
The book provides an overview of microfinance by addressing a range of issues, including lessons from informal markets, savings and insurance, the role of women, the place of subsidies, impact. In spite of the proliferation of microfinance, there has not been enough academic work that explores the discourses surrounding microfinance, the institutions that invest in it, and the partnerships which commercial banks and multinational corporations form with microfinance institutions (hereafter MFIs) (Roy, , p. ). Ananya Roy’s - PovFile Size: 62KB.
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"Can Microfinance work. offers a salutary lesson, not only for those who may still believe that microfinance is a panacea against poverty, but for all of us who are liable to be swept up in a wave Can microfinance work? book enthusiasm for an untested idea about which an attractive story can be told.
As Sherratt demonstrates in this excellent and concise book, we Author: Lesley Sherratt. Microfinance began with the noble aim of alleviating poverty through the extension of small loans to poor borrowers, and has grown to now serve approximatelypeople-the majority of whom are female.
Yet despite claims to the contrary, the practice has not been proven to have succeeded in either enriching or empowering its borrowers. Can Microfinance Work?: How to Improve Its Ethical Balance and Effectiveness - Kindle edition by Lesley Sherratt.
Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Can Microfinance Work?: How to Improve Its Can microfinance work? book Balance and Effectiveness.5/5(1).
The book is broadly divided into four parts: 1) Empirics, 2) Microethics: the practices of microfinance, 3) Microethics: the industry of microfinance, and 4) Making microfinance more ethical.
In first section, Lesley draws on empirical studies and evidence to set a stage with background and economic models at work. Get this from a library. Can microfinance work?: how to improve its ethical balance and effectiveness.
[Lesley Sherratt] -- "Microfinance began with the noble aim of alleviating poverty through the extension of small loans to poor borrowers, and has grown to now serve approximatelypeople-the majority of whom. From there, Sherratt draws some wider lessons microfinance can offer anti-poverty developments in general.
Challengingly, the book considers how microfinance might be reformed to ensure it is practiced both more ethically and effectively, and in doing so, argues that only a Brand: Oxford University Press. Microfinance, pioneered by the Nobel-Prize winner Muhammad Yunus, helps the financially marginalized by providing them with the necessary capital to start a business and work toward financial independence.
These loans are significant because they are given even though the borrower has no collateral. “This is the basis for the most important critique of microfinance. The poor are not entrepreneurs.
The idea that more than a few will turn tiny loans into a viable business is simply unrealistic.”. A wide range of microfinance career opportunities can be found at Microfinance Gateway. As an individual: Some believe that we are living in a time Author: Investopedia Staff.
When institutions can find new capital, then they can provide more microcredit opportunities. When that happens, then the cycle of how microfinance works starts over from step one, with the selection of another member joining the Trust Group to receive a guaranteed microloan.
They are also slow to disburse funds: U.S. programs can take up to 90 days to provide the actual cash. Third World microcredit programs come up with the money in a week or less. Get this from a library. Can microfinance work?: how to improve its ethical balance and effectiveness. [Lesley Sherratt] -- 'Can Microfinance Work?' presents a thorough-going and nuanced ethical assessment of the microfinance industry, drawing on the author's expertise in the fields of finance and applied ethics.
Microfinance began with the noble aim of alleviating poverty through the extension of small loans to poor borrowers, and has grown to now serve approximatelypeoplethe majority of whom are female. Yet despite claims to the contrary, the practice has not been proven to have succeeded in either enriching or empowering its borrowers.
Furthermore, integral mission must be done in such a way that the poor are restored to what God created them to be: people who can work and support their families through that work.
The microfinance ministries described in this book are consistent with these principles. Application QuestionsAuthor: Brian Fikkert. Microfinance has been hailed as a boon to the developing world. By extending small amounts of credit to would-be entrepreneurs, the model is said to raise incomes, reduce unemployment, and empower.
Can Microfinance work. offers a salutary lesson, not only for those who may still believe that microfinance is a panacea against poverty, but for all of us who are liable to be swept up in a wave of enthusiasm for an untested idea about which an attractive story can be told.
As Sherratt demonstrates in this excellent and concise book, we should 5/5(2). For all its early promises of poverty alleviation through the extension of small loans, and growth to now serve over million of the world’s poorest people, microfinance has been found, on average, not to enrich or empower its borrowers.
In a thoroughgoing ethical assessment of the industry, this book examines the microfinance model and whether it “works” or not; the extent to which Author: Lesley Sherratt.
Microfinance has long been recognized as having significant potential to create jobs and reduce poverty. But to meet the twin challenges of growth and sustainability, managers of microfinance institutions (MFIs) must not only understand essential management functions: they must also be armed with innovative ideas and strategies to succeed in today's increasingly competitive environment.5/5(1).
'It's a timely, much-needed, and must-read book for anyone interested in the problems of development assistance.' David Ellerman, author of Helping People Help Themselves 'Microfinance has suffered too long from unthinking enthusiasm, but some negative views are beginning to make themselves heard.
It would be challenging to improve microfinance; it has not really tasted widespread success in any country except Bangladesh. The biggest hindrance to the process is that the main goal of microfinance is social well-being of underprivileged peopl.
For the billion people who live on less than $2 per day, shocks such as illness, crop failures, livestock deaths, farming-equipment breakdowns and even wedding or funeral expenses can be.Ethics as an important aspect of microfinance. Not so long ago, the provision of small and very small loans and other financial services to relatively poor people in developing countries and the former socialist countries of Eastern and Central Europe, known as microfinance, was hailed as a fascinating and absolutely positive idea.Hardback.
New. Can Microfinance Work? presents a thorough-going and nuanced ethical assessment of the microfinance industry, drawing on the author's expertise in the fields of finance and applied ethics.