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The Microfinance Schism

  • Morduch, Jonathan

Leadind advocates for microfinance have put forward an enticing "win-win" proposition: microfinance institutions that follow the principles of good banking will also be those that alleviate the most poverty. A key tenet is that poor households demand access to credit, not cheap credit. This vision has been translated into "best practices" that have been circulated widely.

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File URL: http://www.sciencedirect.com/science/article/B6VC6-3YRVR07-2/2/6d2fe822fbf2b9eef3804d608e40c452
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Article provided by Elsevier in its journal World Development.

Volume (Year): 28 (2000)
Issue (Month): 4 (April)
Pages: 617-629

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Handle: RePEc:eee:wdevel:v:28:y:2000:i:4:p:617-629
Contact details of provider: Web page: http://www.elsevier.com/locate/worlddev

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  1. Navajas, Sergio & Schreiner, Mark & Meyer, Richard L. & Gonzalez-Vega, Claudio & Rodriguez-Meza, Jorge, 1998. "Microcredit And The Poorest Of The Poor: Theory And Evidence From Bolivia," Economics and Sociology Occasional Papers 28334, Ohio State University, Department of Agricultural, Environmental and Development Economics.
  2. Banerjee, Abhijit V & Newman, Andrew F, 1994. "Poverty, Incentives, and Development," American Economic Review, American Economic Association, vol. 84(2), pages 211-15, May.
  3. Morduch, Jonathan, 1998. "Poverty, economic growth, and average exit time," Economics Letters, Elsevier, vol. 59(3), pages 385-390, June.
  4. Jonathan Morduch, 1999. "The Microfinance Promise," Journal of Economic Literature, American Economic Association, vol. 37(4), pages 1569-1614, December.
  5. Foster, James & Greer, Joel & Thorbecke, Erik, 1984. "A Class of Decomposable Poverty Measures," Econometrica, Econometric Society, vol. 52(3), pages 761-66, May.
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