Rise and Fall of Global Microcredit

<p>In the mid-1980s the international development community helped launch what was to quickly become one of the most popular poverty reduction and local economic development policies of all time. Microcredit the system of disbursing tiny micro-loans to the poor to help them to establish their own income-generating activities was initially highly praised and some were even led to believe that it would end poverty as we know it. But in recent years the microcredit model has been subject to growing scrutiny and often intense criticism. <i>The Rise and Fall of Global Microcredit </i>shines a light on many of the fundamental problems surrounding microcredit in particular the short- and long-term impacts of dramatically rising levels of microdebt. </p><p>Developed in collaboration with UNCTAD this book covers the general policy implications of adverse microcredit impacts as well as gathering together country-specific case studies from around the world to illustrate the real dynamics incentives and end results. Lively and provocative <i>The Rise and Fall of Global Microcredit </i>is an accessible guide for students academics policymakers and development professionals alike.</p>