Library Publications The Daily Costs of Debt: Problematising Repayment

The Daily Costs of Debt: Problematising Repayment

07 Sep 2018 6510
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Microfinance  represents  a  hallmark  of  modern  development  initiatives.  Widespread  claims  from the  sector  assert  that  it  offers  a  sustainable  solution  to  poverty,  supported  by  impressive  99% repayment  rates.  For  Bangladesh,  more  than  any  other  country,  microfinance  also  symbolises the  nation’s  economic  and  social  development,  with  growth  in  the  sector  and  the  sustainability of  its  institutions  coalescing  with  the  persistent  decrease  in  poverty  and  extreme  poverty  rates at  the  national  level.  Its  fame  has,  however,  drawn  tough  scrutiny  from  international  donors  and researchers concerned with its impacts on the ground.

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