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Seduced and Betrayed School for Advanced Research Advanced Seminar Series Michael F. Brown General Editor Since 1970 the School for Advanced Research (formerly the School of American Research) and SAR Press have published over one hundred volumes in the Advanced Seminar Series. These volumes arise from seminars held on SAR’s Santa Fe campus that bring together small groups of experts to explore a single issue. Participants assess recent innovations in theory and methods, appraise ongoing research, and share data relevant to problems of significance in anthropology and related disciplines. The resulting volumes reflect SAR’s commitment to the development of new ideas and to scholarship of the highest caliber. The complete Advanced Seminar Series can be found at www.sarweb.org. Seduced and Betrayed Exposing the Contemporary Microfinance Phenomenon Edited by Milford Bateman and Kate Maclean Foreword by James K. Galbraith School for Advanced Research Press  • Santa Fe University of New Mexico Press  • Albuquerque © 2017 by the School for Advanced Research All rights reserved. Published 2017 Printed in the United States of America 22 21 20 19 18 17  1 2 3 4 5 6 Library of Congress Cataloging-­ in-­ Publication Data Names: Bateman, Milford, editor. | Maclean, Kate, editor. Title: Seduced and betrayed : exposing the contemporary microfinance phenomenon / edited by Milford Bateman and Kate Maclean ; foreword by James K. Galbraith. Description: Santa Fe : School for Advanced Research Press ; Albuquerque : University of New Mexico Press, 2017. | Series: School for Advanced Research Advanced Seminar Series | Includes bibliographical references and index. Identifiers: LCCN 2016018343 (print) | LCCN 2016037326 (ebook) | ISBN 9780826357960 (pbk. : alk. paper) | ISBN 9780826357977 (electronic) Subjects: LCSH: Microfinance—Developing countries. | Rural development—Developing countries. | Small business—Developing countries—Finance. Classification: LCC HG178.33.D44 S43 2016 (print) | LCC HG178.33.D44 (ebook) | DDC 332—dc23 LC record available at https://lccn.loc.gov /2016018343 Cover photograph: Tuca Vieira Composed in Minion Pro and Gill Sans fonts ...



Subject Headings

  • Rural development -- Developing countries.
  • Microfinance -- Developing countries.
  • Small business -- Developing countries -- Finance.
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