Group Lending, Joint Liability, and Social Capital
Insights From the Indian Microfinance Crisis
Bibliographic Data
| ID | 2317364 |
|---|---|
| Authors | Antara Haldar (0000-0002-5987-2466, University of Cambridge, corresponding author), Joseph E Stiglitz (0000-0001-6149-046X, Columbia University) |
| Year | 2016 |
| Volume | 44 |
| Issue | 4 |
| Pages | 459-497 |
| Publication date | 2016-12-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Latin American Politics and Society (JOURNAL) |
| Journal identifiers | ISSN: 1531-426X • E-ISSN: 1548-2456 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/0032329216674001 |
| OpenAlex | W2549185594 |
| Language | EN |
| Citations received | 19 |
This article grapples with the causes of India's microfinance crisis. By contrasting Bangladesh's highly successful Grameen model with the allegedly 'universalizable' version of India's SKS Microfinance (which precipitated the crisis), trust or social capital is isolated-not just narrowly interpreted within standard economic theory, but more broadly construed-as the essential element accounting for the early success of microfinance. It is argued that the microfinance experience has been widely misinterpreted, in both analytical and policy terms. This article suggests inherent limits in extending the model to for-profit institutions and, in particular, to the pace of scaling up
Economic growth · Economic system · Economics · Element (criminal law · Frontier · Geography · Joint and several liability · Legal liability · Liability · Market economy · Microfinance · Pace · Political science · Social capital · Accounting · Indian Economic and Social Development · Law · Microfinance and Financial Inclusion · Social and Economic Development in India
Testing Evolutionary Theories of Human Cooperation via Meta-Analysis of Microfinance Repayment
Social Capital Contribution to Community Development, Analysis in the Two Main Urban Centers of Colombia
Performance of Asian MFIs
Competitive loan-groups and economic achievements of microcredit loan users in a group-lending program
Financial Sustainability of For-Profit Versus Non-Profit Microfinance Organizations Following a Scandal
Microcredit and the Financial Frontiers of Racial Neoliberalism
Micro‐credit NGOs and strategic trust
Measuring Spillover Effects from an Entrepreneurship Programme
Banking on cooperation
Edmund Phelps, Raicho Bojilov, Hian Teck Hoon and Gylfi Zoega, Dynamism
Moral Hazard, Adverse Selection, and Capital Structure in Fintech Microfinance in Indonesia
The emperor's new clothes
Delving into the Determinants of Default Risk in Savings Groups
Trust-Building Mechanisms in Group-Based Microfinance
The Impact of Microfinance on Society
Social inequality and access to social capital in microfinance interventions
Moneylending or financial service
Owing others
Social debtfare policies and the rise of the creditor-state
| Citations per year | 2.11 |
|---|---|
| Citation span | 2017 - 2025 (9) |
| Highly cited | No |