Microfinance

American journal of Economics and Sociology, Inc. Learning from Failures in Microfinance: What unsuccessful Cases Tell Us about How Group base Programs Work Author(s): Michael J. V. Woolcock Reviewed work(s): Source: American Journal of Economics and Sociology, Vol. 58, No. 1 (Jan., 1999), pp. 17-42 Published by: American Journal of Economics and Sociology, Inc. Stable URL: http://www.jstor.org/ unvarying/3487873 . Accessed: 25/03/2012 05:29 Your use of the JSTOR archive indicates your acceptance of the terms & Conditions of Use, ready(prenominal) at . http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit overhaul that helps scholars, researchers, and students discover, use, and build upon a wide range of subject social occasion in a trusted digital archive. We use refer technology and tools to increase productivity and facilitate new forms of scholarship. For to a greater extent information about JSTOR, please gather support@jstor .org. American Journal of Economics and Sociology, Inc. is collaborating with JSTOR to digitize, preserve and croak access to American Journal of Economics and Sociology. http://www.jstor.org Learningfrom Failuresin Microfinance: WhatUnsuccessfulCases TeUl s AboutHow GroupU Based Programs Work J. V ByMICHAEL . WOOLCOCK* F ABSTRACT. ivecasesof misfortune ithin roup-based icrofinancerograms w g m p I are presented.

arguethatgroupperformance turnsnot only on the programsendingpoliciesand cost structures-importants these are-but l a on the genius ndextentof socialrelationsa) amongpotential ndactual a ( a groupmembers, b) betweengroupmembe! rs nd programtaff,and (c) ( a s amongprogram taff.Failureseachus importantessonsregarding ow s t l h w t (as opposedto why)theseprograms orkin happierimes.Thoseseeking to replicate icrofinancerograms,specially ttherateenvisioned ythe m a p e b Microcreditummit, eed to pay seriousattention o these institutional S n t junctures. m Money,saysthe...If you pauperization to communicate a full essay, order it on our website: OrderCustomPaper.com

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