LEADER 05251nam 2200625Ia 450 001 9910463314703321 005 20200520144314.0 010 $a1-283-83585-1 010 $a1-933286-53-9 035 $a(CKB)2670000000279149 035 $a(EBL)1076112 035 $a(OCoLC)831121060 035 $a(SSID)ssj0000759363 035 $a(PQKBManifestationID)11432509 035 $a(PQKBTitleCode)TC0000759363 035 $a(PQKBWorkID)10783740 035 $a(PQKB)11335662 035 $a(MiAaPQ)EBC1076112 035 $a(Au-PeEL)EBL1076112 035 $a(CaPaEBR)ebr10628096 035 $a(CaONFJC)MIL414835 035 $a(EXLCZ)992670000000279149 100 $a20110926d2012 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDue diligence$b[electronic resource] $ean impertinent inquiry into microfinance /$fDavid Roodman 210 $aWashington, D.C. $cCenter For Global Development$dc2012 215 $a1 online resource (388 p.) 300 $aDescription based upon print version of record. 311 $a1-933286-48-2 320 $aIncludes bibliographical references and index. 327 $aFront 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 Check 327 $aMicrofinance and Its Living Cousins Enter the Developmentistas; The Making of Microfinance; Solidarity Group Lending; Bangladesh's Big Three; Accio?n 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 Plan 327 $aThe 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 Causation 327 $aFancy 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 Philippines 327 $aBanerjee, 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 Building 327 $aLearning from Professor Schumpeter 330 $aThe 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 immediately 606 $aMicrofinance$xEvaluation 606 $aSmall business$xFinance 608 $aElectronic books. 615 0$aMicrofinance$xEvaluation. 615 0$aSmall business$xFinance. 676 $a332 700 $aRoodman$b David Malin$0131035 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463314703321 996 $aDue diligence$92026755 997 $aUNINA