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Microfinance and poverty reduction: the problematic experience of communal banking in Peru

Microfinance and poverty reduction: the problematic experience of communal banking in Peru

Marr, Ana (2002) Microfinance and poverty reduction: the problematic experience of communal banking in Peru. Working Paper. School of Oriental and African Studies, London, UK.

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Abstract

As a response to many partial and over-simplistic theoretical and empirical studies, this paper presents a more comprehensive analytical framework for assessing the success of microfinance in achieving its dual objective of financial sustainability and poverty reduction.
By giving centre stage to the study of group dynamics and using principles of social psychology and imperfect information, the paper argues that microfinance has not only not solved the original problems of information asymmetries between borrowers and lenders but also, in its pursuit of financial sustainability, is destroying the very foundations of these schemes by disrupting the social fabric of communities, creating more poverty and excluding
the poorest and most vulnerable from any given group.

Item Type: Monograph (Working Paper)
Additional Information: [1] This paper is an extract of the author’s PhD research thesis, funded by the Economic and Social Research Council, United Kingdom; and undertaken at the School of Oriental and African Studies, University of London.
Uncontrolled Keywords: microfinance, poverty, information asymmetries, Latin America, Peru
Subjects: H Social Sciences > HG Finance
H Social Sciences > HT Communities. Classes. Races
Faculty / Department / Research Group: Faculty of Engineering & Science > Natural Resources Institute
Faculty of Engineering & Science > Natural Resources Institute > Food & Markets Department
Faculty of Business > Department of International Business & Economics
Related URLs:
Last Modified: 14 Oct 2016 09:20
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/8125

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