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Making Poverty Into A Financial Problem: From Global Poverty Lines To Kiva.Org

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  • Anke F. Schwittay

Abstract

This paper presents the financialization of poverty as a conceptual addition to the literature on microfinance. It argues that for microfinance to be seen as a solution to poverty alleviation, poverty has been made into a financial problem. This is exemplified by the World Bank's global poverty line and leads to the constitution of poor people as financial subjects. In addition, thinking of poverty in financial terms enables Northern publics’ engagement with poverty. Recent initiatives like Live Below the Line and Kiva.org are presented as examples of how poverty is made manageable for Northern supporters of microfinance. Copyright © 2013 John Wiley & Sons, Ltd.

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  • Anke F. Schwittay, 2014. "Making Poverty Into A Financial Problem: From Global Poverty Lines To Kiva.Org," Journal of International Development, John Wiley & Sons, Ltd., vol. 26(4), pages 508-519, May.
    • Handle: RePEc:wly:jintdv:v:26:y:2014:i:4:p:508-519
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    Cited by:

    1. Meagher, Kate, 2015. "Leaving no-one behind? Informal economies, economic inclusion, and Islamic extremism in Nigeria," LSE Research Online Documents on Economics 62140, London School of Economics and Political Science, LSE Library.
    2. Dorfleitner, Gregor & Oswald, Eva-Maria, 2016. "Repayment behavior in peer-to-peer microfinancing: Empirical evidence from Kiva," Review of Financial Economics, Elsevier, vol. 30(C), pages 45-59.
    3. Nanneke Winters, 2017. "Embedding Remittances: A Methodological Note on Financial Diaries in Nicaragua," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 108(2), pages 175-189, April.
    4. Salvador Cruz Rambaud & Joaquín López Pascual & Roberto Moro-Visconti & Emilio M. Santandreu, 2022. "Should gender be a determinant factor for granting crowdfunded microloans?," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-13, December.
    5. Lena Lavinas, 2018. "The Collateralization of Social Policy under Financialized Capitalism," Development and Change, International Institute of Social Studies, vol. 49(2), pages 502-517, March.
    6. Bridget O'Laughlin & Beniamin Knutsson, 2016. "Forum 2016," Development and Change, International Institute of Social Studies, vol. 47(4), pages 615-639, July.

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