The other side of the coin : the psychological implications of microcredit
Author(s)
Bibliographic Information
The other side of the coin : the psychological implications of microcredit
（Psychology research progress series, . Economic issues,
Nova Publishers, c2013
Available at / 1 libraries
-
No Libraries matched.
- Remove all filters.
Note
Includes bibliographical references and index
Description and Table of Contents
Description
Microcredit banking is the brainchild of the 2006 Nobel Peace Prize Laureate Muhammad Yunus Professor of Economics at Chittagong University, Bangladesh and Chair of Grameen Bank. From small beginnings, the Microcredit movement has become worldwide. Professor Yunus determined to find a new way to make loans to impoverished peasants who commercial banks would not give credit to as they could not provide the security for the loan. Yunus devised a method to provide microloans to individuals who formed themselves into "small groups" aiming at mutual support. The loan was provided to the group for each to benefit in sequence. The group, based on trust, originally worked together so that the loan was repaid by the first recipient and then given in turn to the other members. The self-esteem of the recipients was raised by the success of the group members in repaying the loan becoming shareholders of the Grameen Bank. From small beginnings, Grameen Bank has grown into a successful organisation with world-wide connections to other microcredit enterprises. This book looks in depth at the psycho-socio-dynamics of poverty, at mobilising constructive forces of groups to empower borrowers to become effective agents. The volume is grounded upon consideration of poverty as a psychological as much as an economic condition, and discusses microcredit as an innovative tool to overcome poverty in that perspective. It will pay special attention to the Grameen model considered through the special relational technology associated with it, which draws upon solidarity-lending groups and community interaction.
Table of Contents
- Foreword
- Preface
- Introduction
- Microcredit Experience from Tangible & Intangible Perspectives
- The Economy of the Group
- Social Brain & Social Group: How Mirroring Connects People
- Microcredit & Poverty: A Multidimensional Debate
- Psychological Effects of Microfinance: A Systematic Literature Review
- Family Network & Household Decision Making Power: Analysis on Grameen Bank Microcredit Borrowers in Bangladesh
- Conclusion
- References
- Index.
by "Nielsen BookData"
