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Can Microfinance Work? – How to Improve Its Ethical Balance and Effectiveness | Oxford Scholarship Online
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Can Microfinance Work?: How to Improve Its Ethical Balance and Effectiveness

Lesley Sherratt

Abstract

For all its early promises of poverty alleviation through the extension of small loans, and growth to now serve over 200 million of the world’s poorest people, microfinance has been found, on average, not to enrich or empower its borrowers. In a thoroughgoing ethical assessment of the industry, this book examines the microfinance model and whether it “works” or not; the extent to which the standard working practices of microcredit subvert the benign intentions of its founders and create the conditions for exploitation and coercion to occur; and whether the distribution of the benefits and burd ... More

Keywords: microfinance, works, exploitation, coercion, duty of care, ethics, effectiveness, reform, savings, small- to medium-sized enterprise

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780199383191
Published to Oxford Scholarship Online: January 2016 DOI:10.1093/acprof:oso/9780199383191.001.0001

Authors

Affiliations are at time of print publication.

Lesley Sherratt, author
Lecturer, King's College London and Institute of Bursary Studies, Madrid; Former Member, Microloan Foundation Advisory Board, Zambia