Politicized Microfinance: Money, Power, and Violence in the Black Americas

By Caroline Shenaz Hossein

© 2016

When Grameen Bank was awarded the Nobel Peace Prize in 2006, microfinance was lauded as an important contributor to the economic development of the Global South. However, political scandals, mission-drift, and excessive commercialization have tarnished this example of responsible or inclusive financial development. Politicized Microfinance insightfully discusses exclusion while providing a path towards redemption.

In this work, Caroline Shenaz Hossein explores the politics, histories and social prejudices that have shaped the legacy of microbanking in Grenada, Guyana, Haiti, Jamaica and Trinidad. Writing from a feminist perspective, Hossein’s analysis is rooted in original qualitative data and offers multiple solutions that prioritize the needs of marginalized and historically oppressed people of African descent.

A must read for scholars of political economy, diaspora studies, social economy, women’s studies, as well as development practitioners, Politicized Microfinance convincingly deftly argues for microfinance to return to its origins as a political tool, fighting for those living in the margins.

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Product Details

  • Division: Scholarly Publishing
  • World Rights
  • Page Count: 240 pages
  • Illustrations: 2
  • Dimensions: 6.1in x 0.6in x 9.0in
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SKU# SP003794

  • PUBLISHED JUN 2016

    From: $22.46

    Regular Price: $29.95

    ISBN 9781442616240
  • PUBLISHED AUG 2016

    From: $22.46

    Regular Price: $29.95

Quick Overview

In this work, Caroline Shenaz Hossein explores the politics, histories and social prejudices that have shaped the legacy of microbanking in Grenada, Guyana, Haiti, Jamaica and Trinidad.

Politicized Microfinance: Money, Power, and Violence in the Black Americas

By Caroline Shenaz Hossein

© 2016

When Grameen Bank was awarded the Nobel Peace Prize in 2006, microfinance was lauded as an important contributor to the economic development of the Global South. However, political scandals, mission-drift, and excessive commercialization have tarnished this example of responsible or inclusive financial development. Politicized Microfinance insightfully discusses exclusion while providing a path towards redemption.

In this work, Caroline Shenaz Hossein explores the politics, histories and social prejudices that have shaped the legacy of microbanking in Grenada, Guyana, Haiti, Jamaica and Trinidad. Writing from a feminist perspective, Hossein’s analysis is rooted in original qualitative data and offers multiple solutions that prioritize the needs of marginalized and historically oppressed people of African descent.

A must read for scholars of political economy, diaspora studies, social economy, women’s studies, as well as development practitioners, Politicized Microfinance convincingly deftly argues for microfinance to return to its origins as a political tool, fighting for those living in the margins.

Continue Reading Read Less

Product Details

  • Division: Scholarly Publishing
  • World Rights
  • Page Count: 240 pages
  • Illustrations: 2
  • Dimensions: 6.1in x 0.6in x 9.0in
  • Reviews

    ‘This work is a valuable contribution toward painting a more realistic picture of how bias affects lending.’


    B. B. Andrew
    Choice Magazine vol 54:06:2017

    Politicized Microfinance is a timely and empirically rich book. It will be of interest to readers interested in microfinance and alternative finance and in social economy and alternative economies more broadly.’


    Nick Bernards
    Antipode: A Radical Journal of Geography September 2016

    “No one else has studied the opportunities and constraints in access to microcredit based on the intersectional identities of race, ethnicity, and gender. Caroline Shenaz Hossein’s original and important findings are a major contribution to research on microcredit.”


    Bipasha Baruah, Canada Research Chair in Global Women’s Issues, Western University

    Politicized Microfinance is a very interesting and pioneering study of a typically under-researched and underdeveloped issue in the Caribbean experience. Caroline Shenaz Hossein utilizes the appropriate combination of quantitative data and insightful qualitative interpretations and analysis.”


    Perry Mars, Professor Emeritus, African American Studies, Wayne State University

    “Caroline Shenaz Hossein provides an innovative analysis that explores the importance of partisan, identity, and sexual politics in micro-lending. Politicized Microfinance is exciting, multilayered and long overdue scholarship that deepens our understanding of micro-financing and the micro-enterprise industry, particularly along race, gender, class and cultural dimensions.”


    Jessica Gordon Nembhard, Professor, Department of Africana Studies, John Jay College CUNY
  • Author Information

    Caroline Shenaz Hossein is an assistant professor in the Department of Social Science as well as a member of the Centre for Feminist Research and the Harriet Tubman Institute for Research on Africa and its Diasporas at York University.
  • Table of contents

    List of Figures and Tables 

    Preface 

    Acknowledgments 

    Nomenclature 

    Abbreviations 

     

    Chapter 1: Microfinance and Black People 

    Chapter 2: Contextualizing Microfinance in Jamaica, Guyana, and Haiti 

    Chapter 3: Cultural Politics, Bias, and Microfinance 

    Chapter 4: Violence against Borrowers and Lenders in Microfinance 

    Chapter 5: Alternative Banking among the African Diaspora 

    Chapter 6: Banking on Indigenous Systems 

    Appendix: Description of Slums in the Study 

     

    Notes 

    Bibliography 

    Index