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The Other Financial Crisis: Growth and crash of the microfinance sector in India

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Abstract

Christa Wichterich examines the integration of women into the financial market and the role borrowers of microcredits play. She argues that lending to women and microcredits as a main source of income has brought a financialization of everyday life to Indian villages resulting in a feminization of indebtedness.

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Notes

  1. http://www.microcapital.org/microfinance-fund-universe, visited 20 July 2011.

  2. The debt burden in Andhra Pradesh was eight times higher than the Indian average (Srinivasan, 2009; Sriram, 2010a).

  3. James D. Wolfensohn, President, World Bank, 11 July 1996. See: Microcredit Summit, Declaration and Plan of Action, Washington 2007.

  4. Forbes, 10 November 2006.

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Outlines the problems with microcredit as a strategy for gender equality

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Wichterich, C. The Other Financial Crisis: Growth and crash of the microfinance sector in India. Development 55, 406–412 (2012). https://doi.org/10.1057/dev.2012.58

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  • DOI: https://doi.org/10.1057/dev.2012.58

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