The existing theoretical analysis of microfinance focuses on the nature of the loan contracts that mitigates the … generation' puzzles and debates in the microfinance movement. Our analysis shows that a focus on the labor market helps explain a … number puzzling aspects of microfinance in developing countries like (i) credit-worthiness of poor women borrowers facing …

This article grapples with the causes of India's microfinance crisis. By contrasting Bangladesh's highly successful … Grameen model with the allegedly “universalizable” version of India's SKS Microfinance (which precipitated the crisis), trust … — as the essential element accounting for the early success of microfinance. It is argued that the microfinance experience …