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      Book

      The Theory and Practice of Microcredit
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      Book

      The Theory and Practice of Microcredit

      DOI link for The Theory and Practice of Microcredit

      The Theory and Practice of Microcredit book

      The Theory and Practice of Microcredit

      DOI link for The Theory and Practice of Microcredit

      The Theory and Practice of Microcredit book

      ByWahiduddin Mahmud, S. R. Osmani
      Edition 1st Edition
      First Published 2016
      eBook Published 21 October 2016
      Pub. Location London
      Imprint Routledge
      DOI https://doi.org/10.4324/9781315413174
      Pages 286
      eBook ISBN 9781315413174
      Subjects Economics, Finance, Business & Industry, Global Development
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      Mahmud, W., & Osmani, S.R. (2016). The Theory and Practice of Microcredit (1st ed.). Routledge. https://doi.org/10.4324/9781315413174

      ABSTRACT

      The remarkable speed at which microcredit has expanded around the world in the last three decades has piqued the curiosity of practitioners and theorists alike. By developing innovative ways of making credit available to the poor, the idea of microcredit has challenged many traditional assumptions about both poverty reduction strategies and financial markets. While this has encouraged new theorising about how microcredit works, the practice of microcredit has itself evolved, often in unpredictable ways, outpacing the development of theory.

      The Theory and Practice of Microcredit aims to remedy this imbalance, arguing that a proper understanding of the evolution of practice is essential both for developing theories that are relevant for the real world and for adopting policies that can better realize the full potential of microcredit. By drawing upon their first-hand knowledge of the nature of this evolution in Bangladesh, the birthplace of microcredit, the authors have pushed the frontiers of current knowledge through a rich blend of theoretical and empirical analysis. The book breaks new grounds on a wide range of topics including: the habit-forming nature of credit repayment; the institutional strength and community-based  role of microfinance institutions; the relationships between microcredit and informal credit markets; the pattern of long-term participation in microcredit programmes and the variety of loan use; the scaling up of microenterprises beyond subsistence; the "missing middle" in the credit market; and the prospects of linking micro-entrepreneurship with economic development.

      The book will be of interest to researchers, development practitioners and university students of Development Economics, Rural Development, or Rural Finance, as well as to public intellectuals.

      TABLE OF CONTENTS

      chapter 1|14 pages

      Introduction

      chapter 2|24 pages

      Microcredit in Bangladesh

      How the credit markets work

      chapter 3|20 pages

      Microcredit in Bangladesh

      How the microcredit model works

      chapter 4|30 pages

      Theories of microcredit

      Group lending and moral hazard

      chapter 5|42 pages

      Theories of microcredit

      Adverse selection and repayment enforcement

      chapter 6|43 pages

      When theory meets reality

      Testing the theories of microcredit

      chapter 7|37 pages

      Economic impact of microcredit

      The experience of Bangladesh

      chapter 8|13 pages

      The patterns of loan use

      chapter 9|15 pages

      The economics of microenterprise

      chapter 10|28 pages

      Micro-entrepreneurship and economic development

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