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- Title
The Failings of Microfinance in India: Insights from a Randomized Evaluation of Spandana.
- Authors
Agarwal, Vinti
- Abstract
The microfinance industry in India, on a revival path after the crisis of 2010, is increasingly showing an urban focus. Micro-lending in urban areas has its limitations, more so with the model adopted by some of the for-profit microfinance institutions. A randomized evaluation of the lending operations of Spandana in an urban slum gives valuable insights of the contradictions inherent in a model that does not put entrepreneurship as its prime objective. Most important, it breaks apart the notion that blanket lending in the name of microfinance can reduce poverty, enhance livelihood opportunities, or even cause improvement in social indicators.
- Subjects
INDIA; MICROFINANCE; SPANDANA Sphoorty Financial Ltd.; ENTREPRENEURSHIP; POVERTY reduction; SOCIAL indicators
- Publication
AIMS International Journal of Management, 2017, Vol 11, Issue 1, p59
- ISSN
1939-7011
- Publication type
Article
- DOI
10.26573/2017.11.1.5