Microfinance and the business of poverty reduction: Critical perspectives from rural Bangladesh

In this article we provide a critical analysis of the role of market-based approaches to poverty reduction in developing countries. In particular, we analyse the role of microfinance in poverty alleviation by conducting an ethnographic study of three villages in Bangladesh. Microfinance has become a...

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Vydané v:Human relations (New York) Ročník 70; číslo 1; s. 63 - 91
Hlavní autori: Banerjee, Subhabrata Bobby, Jackson, Laurel
Médium: Journal Article
Jazyk:English
Vydavateľské údaje: London, England SAGE Publications 01.01.2017
SAGE PUBLICATIONS, INC
Predmet:
Alleviation
Bangladesh
Community
Debt
Developing countries
Empowerment
Entrepreneurs
Entrepreneurship
Ethnography
LDCs
Low income areas
Low income groups
Markets
Microfinance
NGOs
Nongovernmental organizations
Poverty
Social capital
Villages
Women
Bangladesh
microfinance
social capital
NGOs
vulnerability
non-governmental organizations
poverty reduction
ISSN:0018-7267, 1741-282X
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Shrnutí:In this article we provide a critical analysis of the role of market-based approaches to poverty reduction in developing countries. In particular, we analyse the role of microfinance in poverty alleviation by conducting an ethnographic study of three villages in Bangladesh. Microfinance has become an increasingly popular approach that aims to alleviate poverty by providing the poor new opportunities for entrepreneurship. It also aims to promote empowerment (especially among women) while enhancing social capital in poor communities. Our findings, however, reflect a different picture. We found microfinance led to increasing levels of indebtedness among already impoverished communities and exacerbated economic, social and environmental vulnerabilities. Our findings contribute to the emerging literature on the role of social capital in developing entrepreneurial capabilities in poor communities by highlighting processes whereby social capital can be undermined by market-based measures like microfinance.
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ISSN:0018-7267
1741-282X
DOI:10.1177/0018726716640865