The Crises of Microcredit

The Crises of Microcredit

By: Marc Labie (editor), Isabelle Guerin (editor), Jean-Michel Servet (editor), Rozas Rozas (contributor), Francois Doligez (contributor), Florent Bedeccarats (contributor), Mouhamedoune Abdoulage Fall (contributor), David Picherit (contributor), Javoy Javoy (contributor), Cyril Fouillet (contributor)Paperback

Only 1 in stock

£19.79 RRP £21.99  You save £2.20 (10%) & FREE Saver Delivery on orders over £20


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.

About Author

Isabelle Guerin is a socioeconomist and senior research fellow at the Institute of Research for Development/Centre d'etudes en sciences sociales sur les mondes americains africains et asiatiques (Cessma), and an associate researcher at both the French Institute of Pondicherry (India) and the Centre for European Research in Microfinance (CERMi, Belgium). Marc Labie is full professor at the Warocque School of Business and Economics of the University of Mons (UMONS). He is also a co-founder and co-director of the Centre for European Research in Microfinance (CERMi), an excellence centre based in Mons and Brussels, Belgium. In 2011, he co-edited The Handbook of Microfinance with Professor Beatriz Armendariz. Jean-Michel Servet is professor emeritus at Lyon University, and currently professor in development studies at the Graduate Institute of International and Development Studies in Geneva.


Introduction Part I. Supply 1. Microcredit Crises and Unsustainable Growth: A Management Perspective - Bert D'Espallier, Marc Labie and Philippe Louis 2. Estimating Levels of Credit Market Saturation - Emmanuelle Javoy and Daniel Rozas 3. Microcredit Crises and the Absorption Capacity of Local Economies - Isabelle Guerin and Jean-Michel Servet Part II. Demand 4. Is the Demand for Microcredit in Rural Tamil Nadu Sustainable? - Isabelle Guerin, Cyril Fouillet, Santosh Kumar, Marc Roesch and G. Venkatasubramanian 5. How Good Repayment Performances Can Harm Borrowers: Evidence from the Dominican Republic - Morvant-Roux Solenem, Joana Afonso, Davide Forcella and Isabelle Guerin 6. The Social Credibility of Microcredit in Morocco after the Default Crisis - Morvant-Roux Solene and Marc Roesch Part III. Environment 7. Malaise in the Senegalese Microfinance Landscape - Eveline Baumann, Abdoulaye Fall and Cecile Godfroid 8. No Pago, A Social Movement Against Microcredit Institutions in Nicaragua - Jean-Michel Servet 9. When Microfinance Collapses: Development and Politics in Andhra Pradesh - David Picherit Conclusion

Product Details

  • ISBN13: 9781783603749
  • Format: Paperback
  • Number Of Pages: 224
  • ID: 9781783603749
  • ISBN10: 1783603747

Delivery Information

  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

Prices are for internet purchases only. Prices and availability in WHSmith Stores may vary significantly