The crises of microcredit

by Isabelle Guérin

An important volume that examines the highly contested subject of microcredit, showing how its increasing inefficiency and sub-prime nature has resulted in multiple crises. 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...