Research on microcredit is now two decades old. There has been enormous progress in
understanding both what microcredit does and how. Yet a lot of what we have learned has …

Publisher Summary This chapter surveys and synthesizes the issues for develo**
economies. Two features of develo** economies are particularly germane to the link …

In the past decade, microfinance programs have demonstrated that it is possible to lend to
low-income households while maintaining high repayment rates—even without requiring …

Community governance is the set of small group social interactions that, with market and
state, determine economic outcomes. We argue (i) community governance addresses some …

In this novel introduction to modern microeconomic theory, Samuel Bowles returns to the
classical economists' interest in the wealth and poverty of nations and people, the workings …

As self-employment and entrepreneurship become increasingly important in our modern
economies, Simon C. Parker provides a timely, definitive and comprehensive overview of …

Microfinance promises to reduce poverty by employing profit‐making banking practices in
low‐income communities. Many microfinance institutions have secured high loan repayment …

Institutions that rely on joint liability to facilitate lending to the poor have a long history and
are now a common feature of many develo** countries. Economists have proposed …

Motivated by the liberalisation and harmonisation of financial systems in Europe, we
investigate whether the observed shift into non-interest income activities improves …

Background The concept of microcredit was first introduced in Bangladesh by Nobel Peace
Prize winner Muhammad Yunus. Professor Yunus started Grameen Bank (GB) more than 30 …