Where institutional finance failed microfinance delivered, but the outreach is too small. The movement of making the world a better place by naoko felder. Ananya roy has 27 books on goodreads with 870 ratings. And fikkert and mask highlight the microfinance ministry of the masai church in rural kenya as an example of the potential of this economic aid. In the middle of the 1990s, microfinance, started to replace the term microcredit, referring to a range of financial services to the poor, not just credit. Through its microfinance programme, nabard is committed to provide banking services to one hundred million poor through one million shgs by 2008. The premise which drives the feasibility of microfinance is that the poor who receive microfinance loans will always pay lenders back. Ananya roy s poverty capital is a fascinating book. List of books and articles about microfinance online. Microfinance and the making of development is the recipient of the 2011 paul davidoff book award of. List of books on micro finance microfinance grameen bank.
May 2011 abstract this working paper traces the evolution of the microfinance revolution in india as a powerful tool for poverty alleviation. Putting the science of happiness to work for your clients by robert biswasdiener, ben dean ebook online pdf. It sheds light on how powerful institutions control capital, or circuits of profit and investment, as well as truth, or authoritative knowledge about poverty. She is also the founding chair of a new undergraduate curriculum in global poverty and practice. The prize brought new attention to the role of the grameen bank as a pioneer of microfinance. Microfinance and the making of development paperback ananya roy author. Hugh sinclair confessions of a microfinance heretic. Microfinance in indiaa tool for poverty reduction this version. Ananya is the inaugural director of the institute on inequality and democracy at ucla luskin. Ananya roy is professor of urban planning, social welfare, and geography at ucla where she holds the meyer and renee luskin chair in inequality and democracy. Oystein strom in their research on mission drift suggest that this selection bias can come not. Roy mersland, professor in the department of economics and business administration at university of agder, kristiansand, norway. Roys book is a harsh critique of microfinance and of its claim to alleviate poverty and empower women.
Regulation and supervision cgap, regulation and supervision of microfinance institutions. Ananya roy is professor of city and regional planning at the university of california, berkeley. In the first chapter of poverty capital, ananya roy introduces the basic premise, elements and struggles of microfinance. Jul 30, 2012 the new microfinance handbook takes a market systems approach to financial inclusion, oriented by client needs. Microfinance and the making of development, and the distinguished teaching award, the highest teaching recognition that the university of california, berkeley bestows on its faculty. Roy draws on foucaults 1969 ideas about the rules of formation in. Microlending and the battle against world poverty by muhammad yunus, creating a world without poverty. You dont have to agree with everything here, or even most of it, to learn a great deal. In their book the poor and their money, stuart rutherford and sukhwinder arora cite several types of needs. Weaver, drake university, choice, december 2010 ananya roys poverty capital is a fascinating book. It is written for a wide audience, including practitioners, facilitators, policy makers, regulators, investors, and donors working to improve the financial system, but who are relatively new to the sector.
Microfinance and the making of development, brilliantly captures a growing global consensus about poverty, and a brave new world of ideas aiming to fulfill oft repeated declarations of making poverty history. Stabilizing a new financial market, cgap, focus note, no. The new microfinance handbook provides a primer on financial services for the poor. Microfinance, which provides access to financial services savings, loans, insurance, money transfers to the poor, has seen great success in the global south. A major inspiration for the development as building institutions plank of my book. Worlding cities is the first serious examination of asian urbanism to highlight the connections between different asian models and practices of urbanization.
Bank loans were provided to 197,653 new shgs during 200102. It sheds light on how powerful institutions control capital, or. Integrity and passion for social good are the driving forces behind this website. The idea that more than a few will turn tiny loans into a viable business is simply unrealistic. This entry was posted in books, concept, empowering people, microfinance, social entrepreneurship, venture philanthropy on july 11, 2008 by microfinance. Vision to be one of the finest microfinance companies in nepal and provide qualitative and reliable financial services to all. I am particularly pleased with the explicit focus on consumers and their needsthis, together with the onset of technologybased delivery models, has been the most important shift in the microfinance field over the past 15 years. It documents the contributions of institutions and of people who have led the development of commercial finance for the poor, and it analyzes the principles on which the microfinance revolution is based.
A valuable source of information for policy makers, finance and management students, and professionals alike, it is a collection of essays by experts from diverse backgrounds on topical themes that capture the complexities of the continuously evolving. I collected compiled a list of books on microfinance for my research work recently. Past and future of innovations in microfinance oxford handbooks. Buy microfinance in india book online at low prices in india. How lending to the poor began, grew, and came of age in bolivia bloomfield, ct. One of the best critiques of the western developmentaid model and washington consensus that ive read. In 2005, half of 104 slums in hyderabad, india were randomly selected for opening of a branch of a particular microfinance institution spandana. Ananya roy s most popular book is letters in the rain. Accounting for microfinance institutions rural finance and. Microfinance institutions and public policy wp02159 created date. This book focuses on how the demand for microfinance can be met on a global scale. Jun 03, 2008 microfinance has a beguiling simplicity and a record of success not just in promoting financial resilience but in achieving other social objectives reaching the excluded, empowering women and. Along the way, roy crafts a brilliant study on the seductions of microfinance, the travelling circuits and circus of poverty capital, and the end of political economy. Ananya roy is professor of city and regional planning and codirector of global metropolitan studies at the university of california, berkeley.
In taking an unflinching look at bottom billion capitalism, it shows how development actually works and how global markets are actually constructed. At berkeley, roy is the recipient of the distinguished teaching award and golden apple award for outstanding teaching, the highest teaching honors bestowed by the campus and its students. Microfinance is a sustainable process that creates real jobs, opens opportunities for future investments and helps the women clients provide for the education to their children. Framing the book with the client as the central element recognizes the emerging awareness that financial needs of the poor are many and are provided by multiple market players beyond the scope of any single institutional form. However, with that flexibility, roy invites further critical engagement with microfinance. Microfinance and its discontents university of minnesota press. Abstract microfinance involves offering financial services to microentrepreneurs and small businesses that lack access to traditional banking.
Housing developments emerge amid the paddy fields on the fringes of calcutta. It sheds light on how powerful institutions control capital, or circuits of profit and. Definition of microfinance microfinance is the provision of a broad range of financial services such as deposits, loans, payment services, money transfers and insurance products to the poor and lowincome households, for their microenterprises and small businesses, to enable them to raise their. This is in fact what most of microfinance s proponents claim that it is doing roy, 2010, p. Probes the truth about microfinance, and explains the need to deemphasize microcredit in favor of other financial services for the poor. Microfinance institutions and public policy wp02159. Jonathan morduch, professor of public policy and economics, new york university and coauthor of the economics of microfinance. Our editorial staff have complete independence to express their opinions with accuracy and impartiality. Microfinance roy major reference works wiley online library. He was chairman of basix finance from 1996 until 2006, and is chairman of mcril, the microfinance credit rating agency and business development, and author of numerous books and articles. Mission the mission of mero microfinance is to support and strengthen the bottom of the socioeconomic pyramid by facilitating easy and responsive access to financial services for the poor, marginalized and disadvantaged to come out of the vicious circle of poverty. Microfinance and the making of development provides welcome insights into these subjects. Microfinance and the making of development routledge, 2010, which received the paul davidoff book award from acsp. Microfinance insights in 2006 the nobel peace prize was awarded to.
Microfinance generally agree that women should be the primary focus of service delivery. Perspectives and operations book online at best prices in india on. This paper reports on the first randomized evaluation of the impact of introducing the standard microcredit groupbased lending product in a new market. Authors in microfinance this list attempts to categories authors by fields. For international development scholar ananya roy, nowhere is free of gender bias, and here she identifies where it occurs, how we defend it, and why it must be stopped within a generation. The achievements of the bank during 200102 reinforced this commitment. Ananya is the recipient of several awards including the paul davidoff book award, which recognizes scholarship that advances social justice, for poverty capital. The procedure is to look at all their papers announced in a nep report. The new microfinance handbook fills a critical gap in the current literature on financial inclusion. He has published on enterprise development and microfinance.
The story of the commercialization of microfinance and bolivia, told by one of the players. In 2014, ananya delivered a talk at tedxmarin on the theme of power, patriarchy, and the university. Roy has argued that microfinance is an instrument of financial inclusion, a part of the democratization of capital, but also that it is potentially a new global subprime market, one in which debt is securitized and traded in a recent special issue of public culture, which she guestedited, roy highlights the making of poverty capitalism and markets in humanitarian goods her work contrasts such approaches with poverty interventions that are concerned with social protection and the. Microfinance and the making of development 2010 aihwa ong is professor of sociocultural anthropology at the university of california, berkeley. Banker to the poor, recommended by molly, is a great first introductory book written by yunus who is probably the most publicly recognizable figure from microfinance. You should not be concerned if you cannot answer some or any of the questions because that is what the study guide is for to teach you the basics of accounting for microfinance institutions.
List of books on micro finance free download as word doc. In this book we try to help students who are relatively new to microfinance, and practitioners looking for an entry point into the vast academic literature, to become acquainted with the main ideas and debates about microfinance. The book is written in a scholarly tone but contains a clearly immersed and empathetic voice that exposes. It sheds light on how powerful institutions control capital, or circuits. Poverty capital is a must read for those interested in issues of poverty and inequality around the world. If 5 or more have appeared in a report, authors are considered to be working within that field.
In microfinance handbook, world bank, sustainable banking with the poor, 1997 available from the world bank bookstore. Evidence shows that they are less likely to default on their loans than men. Encountering poverty challenges mainstream frameworks of global poverty by going beyond the claims that poverty is a problem that can be solved through economic resources or technological. Previously she was on the faculty at the university of california, berkeley. A short history of microfinance katine the guardian. Ananya is an nbfc set up by friends of womens world banking india fwwb in 2009, with the objective of reaching out to a large section of microfinance institutions mfis and grass root entities. The book will serve as a good reference point for future debate in these areas. Feb 21, 2008 microfinance in india provides an informative and holistic status of microfinance in the country and suggests a road map for the future. Mar 03, 2010 this is a book about poverty but it does not study the poor and the powerless. Microfinance in india a tool for poverty reduction. Microfinance and the making of development ananya roy. Brett christophers, uppsala university, in environment and. That, in fact, the case for it has largely been built on a desire to advance a particular free market ideology.
Opportunity is a human right, educationbut credit is for the one that has an opportunity to make something productive with that. Microfinance and its discontents should stir the conscience of social scientists and development practitioners to look critically at the lives of women who are supposed to be liberated by neoliberal and other policy instruments. Roy, a professor of city and regional planning at berkeley, traversed the world to. Obrien valuing microfinance institutions 277 investments and report the funds net asset value to its own investors. Microfinance and the making of development, brilliantly captures a.
Such dominant practices are challenged by alternative paradigms of. Ananya roy, a 2010 poverty capital microfinance and the making of development. One critique of the book is the rather ambiguous definition of poverty capital. Microfinance and the making of development by roy, ananya pu. The book is the outcome of screening more than 400 published books and papers on this topic. If you can answer the questions in the pretest easily, then you may not need to work through this study guide. Microfinance is a category of financial services targeting individuals and small businesses who.
Microfinance and the making of development, brilliantly captures a growing global consensus. Michael goldman, sociology and global studies, university of minnesota, twin cities, usa thoughtful, probing look at the economic development industry. Rout ananya roy was inspired to write the book by the large numbers of students. The goal of microfinance is to alleviate or eliminate poverty in the process of democratizing capitalism, philanthropy, and. Ananya is the author of several books including poverty capital. Ananya roy, a 2010 poverty capital microfinance and the. Ananya roy this is a book about poverty but it does not study the poor and the powerless. Building on years of struggle against patriarchal hierarchies within academia, including in her role as elected president of the association of academic women at the university of california, berkeley, this talk speaks of the unfinished business of gender equality. Microfinance and the making of development by roy, ananya routledge, 2010 paperback paperback roy on. At a conceptual level, it is difficult to oppose empowering poor women. Thinking and acting in an unequal world uc press, 2016. I rate this book so highly because im fascinated by microfinance and appreciate roys easytoread style, but it seriously lacks illustrations of how microfinance. Four great microfinance books center for global development. The microfinance sector grew in many countries, with multiple financial services firms serving the needs of poor households and micro entrepreneurs.
The browsers recent interview with microfinance expert stuart rutherford gives us his top five on the subject of the poor and. He is the coeditor of whats wrong with microfinance. It is an admirable overview of contemporary microfinance in all its proliferating diversity and considerable complexity. Kleiner einsatz grosse wirkung beyond microfinance. Microfinance and the making of development by ananya roy. This is a book about poverty but it does not study the poor and the powerless. It includes important contributions from a respected group of scholars across a range of. Youll learn a lot about how microfinance is practiced in different parts of the world and how western institutions the world bank, specifically try to control the production of knowledge surrounding this. This is the basis for the most important critique of microfinance. India microfinance adheres to high professional and journalistic principles which guide our staff and journalists. Roy has argued that microfinance is an instrument of financial inclusion, a part of the democratization of capital, but also that it is potentially a new global subprime market, one in which debt is securitized and traded in a recent special issue of public culture, which she guestedited, roy.160 359 1013 640 281 1090 421 1011 1173 1000 122 1074 477 836 1201 314 260 696 357 641 67 639 1490 655 735 99 534 193 1055 900 454 64 1245 1019 1113 268 11 118 998