The microfinance schism

  • J. Morduch (2000). World Development, 617-629
  • Abstract: 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.
  • Theme: Finance
  • Keywords: Bangladesh, Credit, Indonesia, Microenterprise, Poverty, credit provision, institutional framework, microfinance
  • Reference type: Journal Article
  • Geographic location: Asia, Global South
  • Quality:
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