Politicized Microfinance

In this work, Caroline Shenaz Hossein explores the politics, histories and social prejudices that have shaped the legacy of microbanking in Grenada, Guyana, Haiti, Jamaica and Trinidad.

Author: Caroline Shenaz Hossein

Publisher: University of Toronto Press

ISBN: 9781442616240

Category: Business & Economics

Page: 209

View: 790

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In this work, Caroline Shenaz Hossein explores the politics, histories and social prejudices that have shaped the legacy of microbanking in Grenada, Guyana, Haiti, Jamaica and Trinidad.

Politicized Microfinance

of politicized microfinance on their lives. I take my cues from GibsonGraham's (1996) “smashing up” of the concept of capitalism as a blanket definition of ...

Author: Caroline Shenaz Hossein

Publisher: University of Toronto Press

ISBN: 9781442616608

Category: Business & Economics

Page: 240

View: 972

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When Grameen Bank was awarded the Nobel Peace Prize in 2006, microfinance was lauded as an important contributor to the economic development of the Global South. However, political scandals, mission-drift, and excessive commercialization have tarnished this example of responsible or inclusive financial development. Politicized Microfinance insightfully discusses exclusion while providing a path towards redemption. In this work, Caroline Shenaz Hossein explores the politics, histories and social prejudices that have shaped the legacy of microbanking in Grenada, Guyana, Haiti, Jamaica and Trinidad. Writing from a feminist perspective, Hossein’s analysis is rooted in original qualitative data and offers multiple solutions that prioritize the needs of marginalized and historically oppressed people of African descent. A must read for scholars of political economy, diaspora studies, social economy, women’s studies, as well as development practitioners, Politicized Microfinance convincingly deftly argues for microfinance to return to its origins as a political tool, fighting for those living in the margins.

The Political Economy of Microfinance

This book raises fundamental concerns about this widely-celebrated tool for social development.

Author: Philip Mader

Publisher: Palgrave Macmillan

ISBN: 1137364203

Category: Business & Economics

Page: 288

View: 243

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Our capitalism is a financialised capitalism, and microfinance its response to poverty. Microfinance has broad-ranging effects, reaching hundreds of millions of people, and generating substantial returns. The microfinance sector directly connects investors and billionaires with poor individuals and their families, in the name of poverty alleviation. Although systemic flaws have become obvious, most strikingly in the 2010 Indian crisis marked by overindebtedness, suicides and violence, the industry's global expansion continues unabated. This book helps understand the enigmatic microfinance sector by tracing its evolution and asking how it works as a financial system. As the author argues, microfinance heralds less the end of poverty than a more financialised form of poverty. While microfinance promises to empower, it generates discipline through a system of financial governmentality and extracts substantial resources from the poor, producing new crises and new forms of dispossession.

The Political Economy of Microfinance

... by proponents – but also the political dynamics of the crises were intertwined with the dysfunctional economy of the microfinance sectors themselves.

Author: Philip Mader

Publisher: Springer

ISBN: 9781137364210

Category: Political Science

Page: 284

View: 684

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According to the author, rather than alleviating poverty, microfinance financialises poverty. By indebting poor people in the Global South, it drives financial expansion and opens new lands of opportunity for the crisis-ridden global capital markets. This book raises fundamental concerns about this widely-celebrated tool for social development.

The Microfinance Revolution

... from Zimbabwe provides an illustration of how a politicized microcredit program, ... can rapidly fail financially—although it may achieve its political ...

Author: Marguerite Robinson

Publisher: World Bank Publications

ISBN: 0821383388

Category: Business & Economics

Page: 352

View: 361

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Around the world, a revolution is occurring in finance for low-income people. The microfinance revolution is delivering financial services to the economically active poor on a large scale through competing, financially self-sufficient institutions. In a few countries this has already happened; in others it is under way. The emerging microfinance industry has profound implications for social and economic development. For the first time in history, capital is well on its way to being democratized. 'The Microfinance Revolution', in three volumes, is aimed at a diverse readership - economists, bankers, policymakers, donors, and social scientists; microfinance practitioners and specialists in local finance and rural and urban development; and members of the general public interested in development. This first volume, 'Sustainable Finance for the Poor', focuses on the shift from government- and donor-subsidized credit systems to self-sufficient microfinance institutions providing voluntary savings and credit services.

The Black Social Economy in the Americas

This pioneering book explores the meaning of the term “Black social economy,” a self-help sector that remains autonomous from the state and business sectors.

Author: Caroline Shenaz Hossein

Publisher: Springer

ISBN: 9781137600479

Category: Business & Economics

Page: 230

View: 912

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This pioneering book explores the meaning of the term “Black social economy,” a self-help sector that remains autonomous from the state and business sectors. With the Western Hemisphere’s ignoble history of enslavement and violence towards African peoples, and the strong anti-black racism that still pervades society, the African diaspora in the Americas has turned to alternative practices of socio-economic organization. Conscientious and collective organizing is thus a means of creating meaningful livelihoods. In this volume, fourteen scholars explore the concept of the “Black social economy,” bringing together innovative research on the lived experience of Afro-descendants in business and society in Argentina, Brazil, Canada, Colombia, Guyana, Haiti, Jamaica, and the United States. The case studies in this book feature horrific legacies of enslavement, colonization, and racism, and they recount the myriad ways that persons of African heritage have built humane alternatives to the dominant market economy that excludes them. Together, they shed necessary light on the ways in which the Black race has been overlooked in the social economy literature.

The Handbook of Diverse Economies

Hossein, C.S. (2016), Politicized Microfinance: Money, Power and Violence in the Black Americas, Toronto: University of Toronto Press. Hossein, C.S. (ed.) ...

Author: J.K. Gibson-Graham

Publisher: Edward Elgar Publishing

ISBN: 9781788119962

Category: Social Science

Page: 576

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Economic diversity abounds in a more-than-capitalist world, from worker-recuperated cooperatives and anti-mafia social enterprises to caring labour and the work of Earth Others, from fair trade and social procurement to community land trusts, free universities and Islamic finance. The Handbook of Diverse Economies presents research that inventories economic difference as a prelude to building ethical ways of living on our dangerously degraded planet. With contributing authors from twenty countries, it presents new thinking around subjectivity and methodology as strategies for making other worlds possible.

The Crises of Microcredit

Such opposition is first and foremost the continuation of a political struggle for the control of the poor that goes back to the beginning of microcredit, ...

Author: Isabelle Guérin

Publisher: Bloomsbury Publishing

ISBN: 9781783603763

Category: Business & Economics

Page: 221

View: 650

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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 examines the whole chain of microcredit to provide the answers to these questions. In doing so, the authors highlight the diversity of crises, both in intensity and in nature, while also shedding light on a diversity of causes, be it microcredit organizations unprepared for massive growth, saturated local economies or greedy investors and shareholders attracted by profits. Crucially, the authors demonstrate that microcredit is not a monolithic project, and the crises should also be analysed in the light of national histories and policies. An original and necessary intervention in what has become one of the most contentious topics within the development world.

Poverty Capital

Microfinance and the Making of Development Ananya Roy ... Summit saying thatithad “politicized microfinance by putting itin the public arena.

Author: Ananya Roy

Publisher: Routledge

ISBN: 9781136992490

Category: Social Science

Page: 272

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Winner of the 2011 Paul Davidoff award! This is a book about poverty but it does not study the poor and the powerless; instead it studies those who manage poverty. It sheds light on how powerful institutions control "capital," or circuits of profit and investment, as well as "truth," or authoritative knowledge about poverty. Such dominant practices are challenged by alternative paradigms of development, and the book details these as well. Using the case of microfinance, the book participates in a set of fierce debates about development – from the role of markets to the secrets of successful pro-poor institutions. Based on many years of research in Washington D.C., Bangladesh, and the Middle East, Poverty Capital also grows out of the author's undergraduate teaching to thousands of students on the subject of global poverty and inequality.

Banking on a Revolution

Though, Hossein's book, Politicized Microfinance, might consider the effects of microfinance just as destructive as payday and auto title lenders in the ...

Author: Terri Friedline

Publisher: Oxford University Press

ISBN: 9780190944155

Category: Social Science

Page: 272

View: 125

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Can grassroots social movements impact the financial system? Technological advancements are poised to completely transform the financial system, and soon it will be unrecognizable. Banks are increasingly using financial technologies ("fintech") to deliver products and services and maximize their profits. Technology enthusiasts and consumer advocates laude the field for its potential to expand access to banking and finance. However, if history is any indication, fintech stands to reinforce digital forms of redlining and enable banks' continued racialized exploitation of Black and Brown communities. Banking on a Revolution takes the perspective that the financial system needs a revolution-not the impending revolution driven by technology. Studying the various ways the financial system bolsters whites by exploiting and marginalizing Black and Brown communities, Terri Friedline challenges the optimistic belief that fintech can expand access to banking and finance. Friedline applies the lens of financialized racial neoliberal capitalism to demonstrate the financial system's inherent racism, and explores examples from student loan debt, corporate landlords, community benefits agreements, and banking and payday lending. Banking on a Revolution is deeply rooted in theory and research, and it presents new interpretations of the climate crisis, student loan debt, and community benefits agreements and their relationships to the financial system. The book makes a compelling case for a revolutionized financial system that centers the needs, experiences, and perspectives of those it has historically excluded, marginalized, and exploited.

Seduced and Betrayed

The authors thus enjoined political scientists to attempt to understand “[why] inappropriate optimism towards microfinance became so widespread” (Duvendack ...

Author: Milford Bateman

Publisher: University of New Mexico Press

ISBN: 9780826357977

Category: Business & Economics

Page: 392

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Microfinance began as the disbursement of tiny loans to the poor, which they could use to undertake informal income-generating activities. It went on to become one of the most popular international development policies of all time and a mainstay of local development and antipoverty programs across the Global South. The contributors to this multidisciplinary volume consider the origins, evolution, and outcomes of microfinance from a variety of perspectives and contend that it has been an unsuccessful approach to development. The contributors contend that over the last twenty years, microfinance policies have exacerbated poverty and exclusion, undermined gender empowerment, underpinned a massive growth in inequality, destroyed solidarity and trust in the community, and, overall, manifestly weakened those local economies of the Global South where it reached critical mass. They use qualitative anthropological, economic, and political-economic research to unpack the ideas and values that have allowed microfinance to “seduce” the world and blind so many to its corrosive effects.

The Political Economy of Financial Regulation

Interestingly, the financial crisis of 2008–2009 served to increase investor interest in microfinance investments, as they were seen as basically sound, ...

Author: Emilios Avgouleas

Publisher: Cambridge University Press

ISBN: 9781108470360

Category: Business & Economics

Page: 496

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Examines the law and policy of financial regulation using a combination of conceptual analysis and strong empirical research.

The Commercialization of Microfinance

This is especially the case given the risk of the politicization of microfinance
during economic crises . Apart from growth in the market share of a given
institution , growth of the market as a whole is also relevant to long - term
profitability .

Author: ACCION International (Organization)

Publisher:

ISBN: UOM:39015055088762

Category: Business & Economics

Page: 320

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* Addresses key issues related to bringing microfinance into the commercial realm * Written by prominent practitioners and scholars from a variety of organizations While many microfinance organizations started as NGOs, there is now a growing movement for them to transform into regulated, for-profit entities. Concurrently, commercial banks, credit unions, and specialized investors are also entering the market. The Commercialization of Microfinance synthesizes case studies from Latin America and beyond, delving into the trends and challenges of converting microfinance institutions into commercial entities. Prepared by ACCION, this book will be essential reading for anyone interested in understanding how the world of microfinance is changing, and how that world affects the broader processes of development.

Global Gender Politics

Political Worlds of Women: Activism, Advocacy, and Governance in the ... Politicized Microfinance: Money, Power, and Violence in the Black Americas.

Author: Anne Sisson Runyan

Publisher: Routledge

ISBN: 9780429842757

Category: Political Science

Page: 198

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Accessible and student-friendly, Global Gender Politics analyzes the gendered divisions of power, labor, and resources that contribute to the global crises of representation, violence, and sustainability. The author emphasizes how hard-won attention to gender and other related inequalities in world aff airs is simultaneously being jeopardized by new and old authoritarianisms and depoliticized through reducing gender to a binary and a problem-solving tool in global governance. The author examines gendered insecurities produced by the pursuit of international security and gendered injustices in the global political economy and sees promise in transnational struggles for global justice. In this new re-titled edition of a foundational contribution to the fi eld of feminist International Relations, Anne Sisson Runyan continues to examine the challenges of placing inequalities andresisting injustices at the center of global politics scholarship and practice through intersectional and transnational feminist lenses. This more streamlined approach includes more illustrations and discussions have been updated to refl ect current issues. To provide more support to instructors and readers, Global Gender Politics is accompanied by an e-resource, which includes web resources, suggested topics for discussion, and suggested research activities also found in the book.

The Handbook of Microfinance

argue that integrated development of rural microfinance and agricultural ... power or between producers and politicized financial services delivered by ...

Author: Beatriz Armendariz

Publisher: World Scientific

ISBN: 9789814295659

Category: Business & Economics

Page: 669

View: 199

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Handbook of Microfinance addresses the gap between clients who are benefiting from access to financial services via MFIs, and the potential market, which remains underserved or untapped. This gap can be attributed to a "mismatch" between what consumers, or potential clients, demand and what MFIs offer in terms of financial products. The scope of the book is wide. It includes successes and failures, main challenges and debates, methodologies for impact evaluation via random trials, leading trends in Asia versus Latin America, main efforts in Africa, the importance of value chains in Central America, ethical and gender issues, savings, microinsurance, governance, commercialization trends and the potential advantages and disadvantages of it. Lastly it features main lessons from informal finance and 19th-century credit cooperatives addressing the above-mentioned mismatch.

Business and Society

She is the author of Politicized Microfinance: Money, Power and Violence in the BlackAmericas (2016). Mark Peacock is professor in the Business and Society ...

Author: Doctor Kean Birch

Publisher: Zed Books Ltd.

ISBN: 9781783604517

Category: Business & Economics

Page: 312

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Corporations dominate our societies. They employ us, sell to us and influence how we think and who we vote for, while their economic interests dictate local, national and global agendas. Written in clear and accessible terms, this much-needed textbook provides critical perspectives on all aspects of the relationship between business and society: from an historical analysis of the spread of capitalism as the foundation of the 'corporate' revolution in the late nineteenth century to the regulation, ethics and exclusionary implications of business in contemporary society. Furthermore, it examines how corporate power and capitalism might be resisted, outlining a range of alternatives, from the social economy through to new forms of open access or commons ownership.

Dissertation Abstracts International

The fact that welfare reform in Wisconsin was highly politicized , conflictual , and
linked to Governor Thompson , while in ... With emerging interests in human ' s
ability to be agents of change , the institution of Microfinance presents itself as a ...

Author:

Publisher:

ISBN: STANFORD:36105132702544

Category: Dissertations, Academic

Page:

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The Microfinance Revolution

... much can be learned: q Politicization is typically incompatible with accountable supervision and with profitable commercial microfinance institutions. q ...

Author: Marguerite S. Robinson

Publisher: World Bank Publications

ISBN: 0821349538

Category: Business & Economics

Page: 520

View: 503

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??? ... Microfinance is the method whereby financial services and credit is made available to the economically active but low income people of developiong countries. This book focusses on three key aspects of the phenomenon: 1) the shift from government- and donor-subsidized credit delivery systems to self-sufficient, sustainable microfinance institutions; 2) the results on the ground, on the way in which microfinance is helps people expand and diversify their enterprises, increase their incomes, raise their living standards and those of theri families, and boost their self-confidence; 3) the theroretical frameworks that had previously impeded the microfinance revolution, with suggestions for their improvement.

NGOs IGOs and the Network Mechanisms of Post Conflict Global Governance in Microfinance

... such politicized pressures, while others succumb to them, undermining final policy outcomes. In microfinance, this tension is particularly vivid.

Author: A. Ohanyan

Publisher: Springer

ISBN: 9780230616103

Category: Political Science

Page: 238

View: 988

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Post-conflict reconstruction stretches the capacities of international institutions and they turn to NGOs to answer the challenge. This book explores how the interactions between international public institutions and NGOs have affected peacebuilding in the post-conflict situations of Bosnia, Afghanistan and Kosovo.

Handbook of Research on Nonprofit Economics and Management

Politicized Microfinance: Money, Power, and Violence in the Black Americas, Toronto: University of Toronto Press. Kania, John and Mark Kramer (2011), ...

Author: Bruce A. Seaman

Publisher: Edward Elgar Publishing

ISBN: 9781785363528

Category: Business & Economics

Page: 512

View: 830

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Building on the success of the first edition, this thoroughly revised and expanded edition explores (1) areas of general agreement from previous research; (2) areas of conflicting results and unexplored questions; (3) the relative roles of theory, data availability and empirical analysis in explaining gaps in our knowledge; and (4) what must be done to improve our knowledge and extend the literature. Selected original chapters addressing especially challenging topics include the value of risk management to nonprofit decision-making; nonprofit wages theory and evidence; the valuation of volunteer labor; property tax exemption for nonprofits; when is competition good for the third sector; and product diversification and social enterprise; international perspectives; the application of experimental research and the macroeconomic effects of the nonprofit sector.