The Theory and Practice of Microcredit

The Theory and Practice of Microcredit argues that a proper understanding of the evolution of practice is essential both for developing theories that are relevant for the real world and for adopting policies that can better realize the full potential of microcredit. By drawing upon their first-hand knowledge of the nature of this evolution the authors have pushed the frontiers of current knowledge through a rich blend of theoretical and empirical analysis. The book will be of interest to researchers, development practitioners and university students of Development Economics, Rural Development, or Rural Finance, as well as to public intellectuals.