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v Contents Foreword  vii James K. Galbraith Introduction Setting the Scene  1 Milford Bateman and Kate Maclean Part One  Background Chapter One The Political Economy of Microfinance  17 Milford Bateman Chapter Two Poverty Reduction or the Financialization of Poverty?  33 Maren Duvendack and Philip Mader Part Two  Seduction Chapter Three Pop Development and the Uses of Feminism  49 Meena Khandelwal and Carla Freeman Chapter Four Petit Bourgeois Fantasies: Microcredit, Small-­ Is-­ Beautiful Solutions, and Development’s New Antipolitics  69 Elliott Prasse-­Freeman Chapter Five Kiva’s Staging of “Peer-­ to-­ Peer” Charitable Lending: Innovative Marketing or Egregious Deception?  87 Domen Bajde Chapter Six Muhammad Yunus’s Model of Social Business: A New, More Humane Form of Capitalism or a Failed “Next Big Idea”?  103 Milford Bateman and Sonja Novković Part Three  Betrayal Chapter Seven Bosnia’s Postconflict Microfinance Experiment: A New Balkan Tragedy  127 Milford Bateman and Dean Sinković CHapter eIGHt From Tigers to Cats?: The Rise and Crisis of Microfinance in Rural India  147 Marcus Taylor viContents Chapter Nine The Destructive Role of Microcredit in Post-­ apartheid South Africa  161 Milford Bateman and Khadija Sharife Chapter Ten Public Goods Provision Aided by Microfinance: Groupthink, Ideological Blinkers, and Stories of Success  183 Philip Mader Chapter Eleven The “Scandal” of Grameen: The Nobel Prize, the Bank, and the State in Bangladesh  203 Lamia Karim Chapter Twelve Agricultural Microfinance and Risk Saturation  219 Charlotte Heales Part Four  Alternatives Chapter Thirteen Banking on the Difference: Credit Unions as Superior Local Financial Institutions for the Poor  237 Jessica Gordon Nembhard Chapter Fourteen Microfinance and the “Woman” Question  251 Kate Maclean Chapter Fifteen Moral and Other Economies: Nijera Kori and Its Alternatives to Microcredit  265 Kasia Paprocki Chapter Sixteen The “Solidarity Economy” Model and Local Finance: Lessons from New Left Experiments in Latin America?  279 Milford Bateman and Kate Maclean Conclusion It’s the Politics, Stupid  297 Milford Bateman and Kate Maclean References  303 Contributors  357 Index  359 ...


Subject Headings

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