Microfinance is defined as the financial services offered to the
poor for the purpose of promoting small-scale enterprises, and as
such it is one of the most important topics in development studies
and a burgeoning area in economics.
This volume provides a much-needed historical, political and
economic dimension to the current knowledge on microfinance.
Collectively, the contributors chart the relationship between the
prevailing popularity of microfinance and the consolidation of
neoliberal economic ideology worldwide. They demonstrate how
microfinance, as a market-friendly approach to development,
coincides with the global trend towards diminishing the role of the
state in economic development, basic healthcare, education and
welfare. The articles in the volume focus on the empirical analyses
of the experience of microfinance in women s everyday lives, but
rejects the connection between microfinance and women s empowerment
so often imputed in literature.
This book offers regional, cultural and other explanations for
variable assessments of microfinance and empowerment. It fills a
huge gap in published microfinance literature and will be of great
interest to postgraduates and professionals in the fields of
economics, international finance and banking.
General
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