Our students have done several papers on the subject. The Grameen
Bank lends to groups of women, who are collectively responsible for
all repayments of loans. They do not of course report tear-apart
rates, but they do attribute their phenomenal repayment rates to it.
There are a number of critiques of microfinance, but none like this
one. Interesting.
At 00:33 24/10/2008, you wrote:
Patrick Bond writes:
> "Turning peasant women into mini-capitalists is just furthering
the reach of
> finance capital and shifting the burden of risk to a class who already bear
> the brunt of poverty without safety nets. ...
A former member of my department presented a paper about
micro-lending. At least for the loans he was talking about, the
community was given a major role in making sure that the loans were
paid back. That seems guaranteed to tear communities apart.
--
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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