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Author: Crystal Murphy
Publisher: Rowman & Littlefield
ISBN: 1498577393
Category : Political Science
Languages : en
Pages : 298
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Book Description
Established to help people jump start their lives and economy after over a half century of conflict, the South Sudanese microcredit sector collapsed in 2012 to the detriment of some 80,000 participants. This book is an account of the ambitious launch and premature downfall of the Southern Sudanese microcredit industry.
Author: Crystal Murphy
Publisher: Rowman & Littlefield
ISBN: 1498577393
Category : Political Science
Languages : en
Pages : 298
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Book Description
Established to help people jump start their lives and economy after over a half century of conflict, the South Sudanese microcredit sector collapsed in 2012 to the detriment of some 80,000 participants. This book is an account of the ambitious launch and premature downfall of the Southern Sudanese microcredit industry.
Author: Isabelle Guérin
Publisher: Zed Books Ltd.
ISBN: 1783603771
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
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.
Author: Milford Bateman
Publisher: Routledge
ISBN: 135185688X
Category : Business & Economics
Languages : en
Pages : 325
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Book Description
In the mid-1980s the international development community helped launch what was to quickly become one of the most popular poverty reduction and local economic development policies of all time. Microcredit, the system of disbursing tiny micro-loans to the poor to help them to establish their own income-generating activities, was initially highly praised and some were even led to believe that it would end poverty as we know it. But in recent years the microcredit model has been subject to growing scrutiny and often intense criticism. The Rise and Fall of Global Microcredit shines a light on many of the fundamental problems surrounding microcredit, in particular, the short- and long-term impacts of dramatically rising levels of microdebt. Developed in collaboration with UNCTAD, this book covers the general policy implications of adverse microcredit impacts, as well as gathering together country-specific case studies from around the world to illustrate the real dynamics, incentives and end results. Lively and provocative, The Rise and Fall of Global Microcredit is an accessible guide for students, academics, policymakers and development professionals alike.
Author: Vikram Akula
Publisher: Harper Collins
ISBN: 9352779878
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
Vikram Akula founded SKS Microfinance with a clear mission: improve the lives of poor people in India by providing small loans. These small loans, used to start or expand businesses and generate earnings, were a proven path out of poverty for tens of thousands around the world. Vikram wasn't the first person to bring microfinance to India, but his idea was to do it on a much larger scale, for millions. He would do this by making SKS Microfinance a unique for-profit institution. SKS flourished, distributing billions of dollars in loans. The company was applauded for blending philanthropy and capitalism, and Akula appeared on the covers of the Wall Street Journal and TIME magazine as one of the most influential people in the world. But just as he thought he was making a difference, a storm was brewing. In 2010, a fierce political backlash in India created an implosion. Politicians began attacking microfinance and telling those living in poverty not to repay loans. Soon, SKS had to write off $280 million in loans and lay off 10,000 employees. For decades, microfinance had been heralded as a key solution to global poverty, but, nearly overnight, it came to be viewed as a villain. One of the most exciting recent developments is the rise of new businesses and entrepreneurs committed to social good. Social enterprises have the potential to transform societies, but there are risks as well as benefits. Micro-Meltdown is the story of SKS's tremendous success, the oversights that led to disaster, the eventual resurgence, and the lessons learned. It is essential reading for any would-be entrepreneur who wants to change the world for the better. It offers an insider's account of both the keys to success and the risks that must be managed.
Author: Henry Veltmeyer
Publisher: Routledge
ISBN: 1000442284
Category : Political Science
Languages : en
Pages : 512
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Book Description
The Essential Guide to Critical Development Studies provides an up-to-date and authoritative introduction to the field, challenging mainstream development discourse and the assumptions that underlie it. Critical development studies lays bare the economic, political, social, and environmental crises that characterise the current global capitalist system, proposing instead systemic change and different pathways for moving beyond capitalism into a new world of genuine progress where economic and social justice and ecological integrity prevail. In this book, the authors challenge market-driven, neoliberal development agendas, incorporating analyses of class, gender, race, and the dynamics of uneven capitalist development. This thoroughly revised and expanded second edition includes: • 18 new chapters, including on topics such as philanthrocapitalism, race, the energy transition, Indigenous resistance and resilience, and global health • Expanded global coverage, including new chapters on South Africa, North Africa, and the Gulf Arab states • A new section on resistance and alternatives • Additional pedagogical features, including a glossary of key terms, discussion questions, and expanded guides for further reading. This textbook will be essential reading for students of global development, political science, sociology, economics, gender studies, geography, history, anthropology, agrarian studies, international political economy, and area studies. It will also be an important resource for development researchers, practitioners, and policymakers.
Author: G. Honor Fagan
Publisher: Edward Elgar Publishing
ISBN: 1786431556
Category :
Languages : en
Pages : 488
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Book Description
This Handbook provides an accessible critical review of the complex issues surrounding development and social change today. With chapters from recognized experts, examining economic, political and social aspects, and covering key topics and developing regions, it goes beyond current theory and sets out the debates which will shape an approach better suited to the modern world.
Author: Doris Köhn
Publisher: Springer
ISBN: 3642417043
Category : Business & Economics
Languages : en
Pages : 199
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Book Description
This book focuses on the achievements, current trends and further potential of microfinance to scale-up and serve many more clients with financial services that enable them to improve their living conditions. The book asks what it takes to achieve sustainable impact: to know your clients and to understand their needs, to treat them in a fair and transparent way, and to safeguard the synthesis between the financial and social dimension of sustainable microfinance. The book also sheds light on the future funding landscape and what is necessary to bring more commercial funders on board while ensuring that these new funders will continue the commitment to responsible finance. While being forward looking, the book reflects the debate on core values of microfinance, triggered by recent criticisms of an approach that was hailed as a panacea in the beginning and which had proved over time as one of the most effective models of development finance. These criticisms emerged over signs of overheating in some markets, particularly the 2010 events in Andhra Pradesh, and turned into an assumption of a worldwide microfinance crisis, putting seriously at stake the good reputation microfinance had enjoyed so far.
Author: Milford Bateman
Publisher: Zed Books Ltd.
ISBN: 1848138954
Category : Business & Economics
Languages : en
Pages : 261
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Book Description
Since its emergence in the 1970s, microfinance has risen to become one of the most high-profile policies to address poverty in developing and transition countries. It is beloved of rock stars, movie stars, royalty, high-profile politicians and ‘troubleshooting’ economists. In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn’t actually 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. As developing and transition countries attempt to repair the devastation wrought by the global financial crisis, Why Doesn’t Microfinance Work? argues forcefully that the role of microfinance in development policy urgently needs to be reconsidered.
Author: Thilo Klein
Publisher: ibidem-Verlag / ibidem Press
ISBN: 3838261186
Category : Political Science
Languages : en
Pages : 108
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Book Description
Microfinance 2.0 examines the role of reputation-based intermediaries on the world’s largest peer-to-peer online lending platform. This marketplace as well as other recently opened lending websites allow people to auction microcredit over the Internet and are in line with the disintermediation in financial transactions through the power of enabling technologies. To mitigate severe information asymmetries in anonymous online transactions, the platforms allow lenders to delegate the screening of potential borrowers and the monitoring of loan repayments to designated group leaders. Thilo Klein provides an in-depth study into the mechanisms of these credit information networks and critically assesses their potential to ease access to finance for the credit-constrained during the US credit crunch.
Author: Karen Wendt
Publisher: Springer Nature
ISBN: 303052275X
Category : Business & Economics
Languages : en
Pages : 503
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Book Description
Today, it has become strikingly obvious that companies no longer operate in an environment where only risk return and volatility describe the business environment. The business has to deal with volatility plus uncertainty, plus complexity and ambiguity (VUCA): that requires new qualities, competencies, frameworks; and it demands a new mind set to deal with the VUCA environment in investment, funding and financing. This book builds on a new megatrend beyond resilience, called anti-fragility. We have had the black swan (financial crisis) and the red swan (COVID) - the Bank for International Settlement is preparing for regenerative capitalism, block chain based analysis of financial streams and is aiming to prevent the “Green Swan” – the climate crisis to lead to the next lockdown. In the light of the UN 17 Sustainable Development Goals, what is required, is Theories of Change. Written by experts working in the fields of sustainable finance, impact investing, development finance, carbon divesting, innovation, scaling finance, impact entrepreneurship, social stock exchanges, alternative currencies, Initial Coin Offerings (ICOs), ledger technologies, civil action, co-creation, impact management, deep learning and transformation leadership, the book begins by analysing existing Theories of Change frameworks from various disciplines and creating a new integrated model – the meta-framework. In turn, it presents insights on creating and using Theories of Change to redirect investment capital to sustainable companies while implementing the Sustainable Development Goals and the Paris Climate Agreement. Further, it discusses the perspective of planetary boundaries as defined by the Stockholm Resilience Institute, and investigates various aspects of systems, organizations, entrepreneurship, investment and finance that are closely tied to the mission ingrained in the Theory of Change. As it demonstrates, solutions that ensure the parity of profit, people and planet through dynamic change can effectively address the needs of entrepreneurs and business. By exploring these concepts and their application, the book helps create and shape new markets and opportunities.
