Table of Contents
Foreword James K. Galbraith vii
Introduction Setting the Scene Milford Bateman Kate Maclean 1
Part 1 Background
Chapter 1 The Political Economy of Microfinance Milford Bateman 17
Chapter 2 Poverty Reduction or the Financialization of Poverty? Maren Duvendack Philip Mader 33
Part 2 Seduction
Chapter 3 Pop Development and the Uses of Feminism Meena Khandelwal Carla Freeman 49
Chapter 4 Petit Bourgeois Fantasies: Microcredit, Small-Is-Beautiful Solutions, and Development's New Antipolitics Elliott Prasse-Freeman 69
Chapter 5 Kiva's Staging of "Peer-to-Peer" Charitable Lending: Innovative Marketing or Egregious Deception? Domen Bajde 87
Chapter 6 Muhammad Yunus's Model of Social Business: A New, More Humane Form of Capitalism or a Failed "Next Big Idea"? Milford Bateman Sonja Novkovic 103
Part 3 Betrayal
Chapter 7 Bosnia's Postconflict Microfinance Experiment: A New Balkan Tragedy Milford Bateman Dean Sinkovic 127
Chapter 8 From Tigers to Cats? The Rise and Crisis of Microfinance in Rural India Marcus Taylor 147
Chapter 9 The Destructive Role of Microcredit in Post-apartheid South Africa Milford Bateman Khadija Sharife 161
Chapter 10 Public Goods Provision Aided by Microfinance: Groupthink, Ideological Blinkers, and Stories of Success Philip Mader 183
Chapter 11 The "Scandal" of Grameen: The Nobel Prize, the Bank, and the State in Bangladesh Lamia Karim 203
Chapter 12 Agricultural Microfinance and Risk Saturation Charlotte Heales 219
Part 4 Alternatives
Chapter 13 Banking on the Difference: Credit Unions as Superior Local Financial Institutions for the Poor Jessica Gordon Nembhard 237
Chapter 14 Microfinance and the "Woman" Question Kate Maclean 251
Chapter 15 Moral and Other Economies: Nijera Kori and Its Alternatives to Microcredit Kasia Paprocki 265
Chapter 16 The "Solidarity Economy" Model and Local Finance: Lessons from New Left Experiments in Latin America? Milford Bateman Kate Maclean 279
Conclusion: It's the Politics, Stupid Milford Bateman Kate Maclean 297
References 303
Contributors 357
Index 359