Microfinance is the business of giving small, collateral-free loans to poor borrowers that are paid back in frequent intervals with interest.
Financializing Poverty ethnographically examines how the emergence of MFIs has allowed financial institutions in the city of Kolkata, Indi.
While these for-profit Microfinance institutions (MFIs) promise social and economic empowerment, they have mainly succeeded at enfolding the poor--especially women--into the vast circuits of global finance.
Microfinance is the business of giving small, collateral-free loans to poor borrowers that are paid back in frequent intervals with interest