Financializing poverty : labor and risk in Indian microfinance /
Sohini Kar.
- Stanford, California : Stanford University Press, (c)2018.
- 1 online resource (xiii, 259 pages).
- South Asia in motion .
Includes bibliographies and index.
Introduction : enfolding the poor -- Entrepreneurship and work at the "bottom of the pyramid" -- From social banking to financial inclusion -- The reluctant moneylender -- The domestication of microfinance -- Financial risk and the moral economy of credit -- Insured death, precarious life.
In India, a growing number of for-profit microfinance institutions (MFIs) have emerged, promising social and economic empowerment while, in reality, they have mainly succeeded at enfolding the poor into the vast circuits of global finance. This book ethnographically examines how the emergence of MFIs has allowed financial institutions in the city of Kolkata to capitalize on the poverty of its residents.