Milford bateman why doesnt microfinance 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.

The Crises of Microcredit. Peter Griffiths. The global land grab: beyond the hype. Mayke Kaag and Annelies Zoomers eds. Peter Gill. Unplanned development : Tracking change in South-East Asia. Jonathan Rigg. Bateman, M. Bloomsbury Digital Resources Products. Librarian Resources. Contact Information. BDR Global Catalog. Bloomsbury Academic. Item added to basket. Checkout Continue Shopping. Why Doesn't Microfinance Work?

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Description Since its emergence in the s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries. Close Preview. Table of Contents 1. Introduction 2. The rise of microfinance 3. Microfinance myths and realities 4. Microfinance as poverty trap 5. Commercialization: The death of microfinance 6. The politics of microfinance 7.

Alternatives to conventional microfinance 8. Conclusion: the need for a new beginning Endnotes Bibliography Index. About the contributors. Author Milford Bateman. Related Titles. Milford Bateman. Social and Solidarity Economy. Professor Bina Agarwal. Thanks for telling us about the problem.

Return to Book Page. Preview — Why Doesn't Microfinance Work? Why Doesn't Microfinance Work? Since its emergence in the s, microfinance has risen to become one of the most high-profile policies to address poverty and under-development in developing and transition countries.

It is beloved of rock stars, royalty, movie stars, high-profile politicians and "trouble-shooting" economists. Its most famous pioneer, Muhammad Yunus, was awarded the Nobel Peace Prize in Since its emergence in the s, microfinance has risen to become one of the most high-profile policies to address poverty and under-development in developing and transition countries.

In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn't actually work.

That, in fact, the case for it has largely been built on a desire to advance a particular free market ideology, on hype and egregious half-truths, and -- latterly -- on the Wall Street-style greed, deception and individual self-interest of those promoting and working in microfinance. Using a multitude of case studies from across the globe -- from India to Cambodia, Bolivia to Uganda, Serbia to Mexico amongst many others -- he exposes why many of its most fundamental building blocks are largely myths.

In doing so, he demonstrates that microfinance 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, Bateman argues forcefully that the role of microfinance in development policy needs to be urgently and fundamentally reconsidered.

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