BOOK RELEASE: The Crises of Microcredit

15 December, 2015

The Centre for European Research in Microfinance (CERMi) is proud to announce the release of the book The Crises of Microcredit (London: Zed Books, 2015).

Microcredit programmes, long considered efficient development tools, now face unprecedented crises in a number of countries. Is this the end of microcredit or rather an essential step in its expansion?

Drawing on extensive empirical research, this important volume examines the whole chain of microcredit to provide the answers to these questions. In doing so, the authors highlight the diversity of crises, both in intensity and in nature, while also shedding light on a diversity of causes. Crucially, the authors demonstrate that microcredit is not a monolithic project, and the crises should also be analysed in the light of national histories and policies.

Edited by Professors Isabelle Guérin, Marc Labie and Jean-Michel Servet, all associated with CERMi, this book is the outcome of the research project “Microfinance in Crisis”, supported by the European Investment Bank (EIB) through its EIB University Research Sponsorship (EIBURS) Programme, that involved Paris I Sorbonne University (France), the Centre for European Research in Microfinance (CERMi) (Belgium), Fribourg University (Switzerland), and LASAARE (Morocco).

 For more information, click here!

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