'A collection of concise, highly readable essays that explain how and why this activity has gone so wrong in varying social, political and cultural contexts.'
‘Valuable, if not essential, reading for both aficionados of financial inclusion
and its critics.’
Journal of International Development
'In this finely structured, well-written, comparativist book, a set of distinguished scholars with rich field experience dissect the many micro-credit crises worldwide to provide better practice for the future. Add this to your shelves, read and recommend to students and practitioners!'
Barbara Harriss-White, Wolfson College, University of Oxford
'A deeply informed, intelligent examination of microcredit. A once universally celebrated concept, the contributors point instead to a market-driven Hobbesian world of hyper-competition, with the poor made worse off than ever. An important and convincing read for anyone still seduced by the myths of microcredit.'
Milford Bateman, author of Why Doesn't Microfinance Work?
'The contributors' real-world expertise results in a hard-headed but balanced assessment of the pitfalls and promise of microcredit. Recommended.'