| ID | 110110 |
| Title Proper | Microfinance, the market and political development in the internet age |
| Language | ENG |
| Author | Barry, Jack J |
| Publication | 2012. |
| Summary / Abstract (Note) | This article steps outside traditional economic analysis of microfinance, and instead investigates the political ramifications of microfinance in developing countries. In particular, I argue that microfinance affects social capital, political empowerment and democratisation. I examine three emerging trends in microfinance: new technology; the rise of for-profit microfinance institutions; and the increase in individual, rather than group microfinance lending. In exploring these trends, I analyse seven prominent institutions: non-profits Kiva, Global Giving, Calvert Organization and MicroCredit Enterprises; and for-profits MicroPlace, MicroVest, and Oikocredit. My findings indicate that different types of microfinance institutions have unique characteristics that influence political development in a variety of ways, including but not limited to: democratisation, social capital, and economic and political empowerment. The article attempts to fill a gap in the literature and open up a conversation as to how differing approaches to microfinance lending influence political development. |
| `In' analytical Note | Third World Quarterly Vol. 33, No.1; 2012: p.125-141 |
| Journal Source | Third World Quarterly Vol. 33, No.1; 2012: p.125-141 |
| Key Words | Microfinance ; Market and Political Development ; Internet Age ; Traditional Economic Analysis ; Social Capital ; Political Empowerment ; Democratisation |