Commercial Microfinance and Social Responsibility: A Critique
Working within the logic of maximising investor returns, the strategic focus of Indian microfinance institutions seems to have shifted from serving the poor borrowers to chasing profits. The commercial transformation of MFIs has been accompanied by changes in the structure of ownership, management and nature of their stakeholder commitment. This essay discusses some of the critical inadequacies in the approaches advocated and currently practised by the commercial MFIs in order to restore the sector’s focus on poor borrowers.
|Date of creation:||31 Jul 2010|
|Date of revision:|
|Publication status:||Published in Economic and Political Weekly 31.XLV(2010): pp. 32-37|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- M S Sriram, 2010. "Commercialisation of Microfinance in India: A Discussion on the Emperorâ€™s Apparel," Working Papers id:2539, eSocialSciences.
- S. Narayan, 2009. "India," Chapters, in: The Political Economy of Trade Reform in Emerging Markets, chapter 7 Edward Elgar.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:24412. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.