05251nam 2200625Ia 450 991046331470332120200520144314.01-283-83585-11-933286-53-9(CKB)2670000000279149(EBL)1076112(OCoLC)831121060(SSID)ssj0000759363(PQKBManifestationID)11432509(PQKBTitleCode)TC0000759363(PQKBWorkID)10783740(PQKB)11335662(MiAaPQ)EBC1076112(Au-PeEL)EBL1076112(CaPaEBR)ebr10628096(CaONFJC)MIL414835(EXLCZ)99267000000027914920110926d2012 uy 0engurcn|||||||||txtccrDue diligence[electronic resource] an impertinent inquiry into microfinance /David RoodmanWashington, D.C. Center For Global Developmentc20121 online resource (388 p.)Description based upon print version of record.1-933286-48-2 Includes bibliographical references and index.Front Cover; Title Page; Copyright Information; Table of Contents; Preface; Acknowledgments; Chapter 1: What's the Story?; Chapter 2: How the Other Half Finances; How Rich People Use Financial Services; The Financial Challenges of Poor People; Subtle Truths about Microenterprise; How Poor People Use Financial Services; Conclusion; Chapter 3: Credit History; A Preliminary: ROSCAs and ASCAs; Before the Industrial Revolution; Takeoff in the British Isles; Cooperation on the Continent; Small Loans for Profit in the United States; Learning from History; Chapter 4: Background CheckMicrofinance and Its Living Cousins Enter the Developmentistas; The Making of Microfinance; Solidarity Group Lending; Bangladesh's Big Three; Acción in Central America; Closest to the Roots: Village Banking and Self-Help Groups; Village Banking.; Self-Help Groups; Village Savings and Loan Associations; Individual Microcredit and Microsavings; Indonesia; ProCredit in Bolivia and Beyond; Microinsurance; Crosscurrents; Gender; Savings versus Credit; Pure Finance versus Bundling Services; From Charity to Profit; Conclusion; Chapter 5: Business PlanThe Dominance of Credit over Savings and Insurance The Lure of Lending; The Scope for Savings; The Impediments to Insurance; An Evolutionary Theory for the Taxonomy of Microcredit; Additional Adaptations; Frequent Transactions and Short Loan Terms; Dynamic Incentives; Compulsory Savings; Credit Life Insurance; Lending to Women; Streamlining for Mass Production; Going to the Customer; Competition and Organizational Learning; Conclusion; Chapter 6: Development as Escape from Poverty; The Challenges of Studying Impacts; Methods for Studying Impacts; Correlation versus CausationFancy Math: Why to Doubt Most Microfinance Impact Studies The black box problem; Data mining; Instruments and Assumptions; Randomization to the Rescue; Virtues of Randomization; Limits of Randomization; Evaluating the Evaluations; The Non-Randomized Studies: Less than Meets the Eye; Coleman's Studies of Village Banks in Northeast Thailand in 1995-96; Pitt and Khandker's Studies of Solidarity Group Microcredit in Bangladesh in the 1990's; Randomized Studies; Karlan and Zinman's Study of a "Cash Lender" in South Africa; Karlan and Zinman's Study of an Individual Lender in the PhilippinesBanerjee, Duflo, Glennerster, and Kinnan's Study of Group Microcreditin India A Randomized Test of Microsavings; Conclusion; Chapter 7: Development as Freedom; On Usury; To Fee or Not to Fee; Turning to the Data; Beyond Pricing: Transparency, Reliability, Flexibility; Transparency; Reliability; Flexibility; Group Dynamics; Multiple Borrowing: A Paradox of Plenty; The Evidence on Microcredit and Freedom; Quantifying Empowerment; Debt Traps; Individual Microcredit; Solidarity Groups in Bangladesh; Self-Help Groups in India; Conclusion; Chapter 8: Development as Industry BuildingLearning from Professor SchumpeterThe idea that small loans can help poor families build businesses and exit poverty has blossomed into a global movement. The concept has captured the public imagination, drawn in billions of dollars, reached millions of customers, and garnered a Nobel Prize. Radical in its suggestion that the poor are creditworthy and conservative in its insistence on individual accountability, the idea has expanded beyond credit into savings, insurance, and money transfers, earning the name microfinance. But is it the boon so many think it is? Readers of David Roodman's openbook blog will immediatelyMicrofinanceEvaluationSmall businessFinanceElectronic books.MicrofinanceEvaluation.Small businessFinance.332Roodman David Malin131035MiAaPQMiAaPQMiAaPQBOOK9910463314703321Due diligence2026755UNINA