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The microfinance schism

delete2000-04-01
delete476
PRE
AI
J
Jonathan Morduch *
DOI：10.1016/S0305-750X(99)00151-5delete
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Abstract

Abstract

En 中文
Leading advocates for microfinance have put forward an enticing win-win proposition: microfinance institutions that follow the principles of good banking will also be those that alleviate the most poverty. This vision forms the core of widely-circulated best practices, but as a general proposition the vision is fully supported neither by logic nor by the available empirical evidence. Recognizing the limits to the win-win proposition is an important step toward reaching a more constructive dialogue between microfinance advocates that privilege financial development and those that privilege social impacts. (C) 2000 Elsevier Science Ltd. All rights reserved.
Keywords:
poverty
credit
microenterprise
Bangladesh
Indonesia

Journal

World Development cover
World Development
IF:
4.8
Papers:
8.0K
Citations:
3.1W

Organization

No organization information available