The microfinance schism

Research output: Contribution to journalArticle

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.

Original languageEnglish (US)
Pages (from-to)617-629
Number of pages13
JournalWorld Development
Volume28
Issue number4
DOIs
StatePublished - 2000

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microfinance
privilege
social impact
banking
social effects
best practice
poverty
dialogue
evidence
Microfinance
Win-win

Keywords

  • Bangladesh
  • Credit
  • Indonesia
  • Microenterprise
  • Poverty

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development
  • Sociology and Political Science
  • Economics and Econometrics

Cite this

The microfinance schism. / Morduch, Jonathan.

In: World Development, Vol. 28, No. 4, 2000, p. 617-629.

Research output: Contribution to journalArticle

Morduch, Jonathan. / The microfinance schism. In: World Development. 2000 ; Vol. 28, No. 4. pp. 617-629.
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