RECENT TRENDS IN MICROFINANCE INSTITUTIONS: SOME THEORETICAL IMPLICATIONS

Suman Ghosh and Eric van Tassel
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Suman Ghosh: Department of Economics, Florida Atlantic University, USA
Eric van Tassel: Department of Economics, Florida Atlantic University, 777, Glades Road, Boca Raton, FL 33431, USA

Chapter 20 in New and Enduring Themes in Development Economics, 2009, pp 467-484 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractIn this paper, we offer a theoretical formalization of the phenomenon known as mission drift. In recent years, there have been claims that the entry of large donors with deep pockets have led to a mission drift phenomenon whereby microfinance institutions (MFI) who were previously catering to the poorest agents have drifted towards catering to the 'better off' poor. Our aim in this chapter would be two-fold: one is to trace very briefly some of the current ongoing debates and the concomitant empirical work that sheds light on those debates. Second, we want to highlight a few of the theoretical ramifications that arise as a result of the most recent studies and debates.

Keywords: Development Economics; Happiness; Well-Being; Political Economy; Economic of Labour; Agricultural Economics (search for similar items in EconPapers)
Date: 2009
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