- Home
- Categories
- Non Fiction
- Business & Management
- We Are Not Able to Live in the Sky: the seductive promise of microfinance
We Are Not Able to Live in the Sky: the seductive promise of microfinance
By: Mara Kardas-Nelson
-
Rs 4,315.50
- Rs 4,795.00
- 10%
You save Rs 479.50.
Due to constant currency fluctuation, prices are subject to change with or without notice.
A deeply reported work of journalism that explores the promises and perils of global microfinance, told through the eyes of those who work in small-scale lending and of women borrowers in Sierra Leone, West Africa.
In the mid-1970s, Muhammad Yunus, an American-trained Bangladeshi economist, met a poor female stoolmaker who needed money to expand her business. In an act known as the beginning of microfinance, Yunus lent $27 to 42 women, hoping small credit would help them to pull themselves out of poverty. Soon, Yunus’s Grameen Bank was born and, very small but often high-interest loans for poor people took off. In 2006, Yunus and the Grameen Bank won the Nobel Peace Prize for their work on anti-poverty lending.
But there’s a problem with this story. There are mounting concerns that these small loans are as likely to bury poor people in debt as they are to pull them from poverty, with borrowers facing consequences such as jail time and forced land sales. Hundreds have even reportedly committed suicide.
What happened? Did microfinance take a wrong turn, or was microfinance flawed from the beginning?
We Are Not Able to Live in the Sky is a story about unintended consequences, blind optimism, and the decades-long ramifications of seemingly small policy choices, rooted in the stories of women borrowers in Sierra Leone. Kardas-Nelson asks: What happens when a single, financially focused solution to global inequity ignores the real drivers of poverty? Who stands to benefit and, more importantly, who gets left behind?
A deeply reported work of journalism that explores the promises and perils of global microfinance, told through the eyes of those who work in small-scale lending and of women borrowers in Sierra Leone, West Africa.
In the mid-1970s, Muhammad Yunus, an American-trained Bangladeshi economist, met a poor female stoolmaker who needed money to expand her business. In an act known as the beginning of microfinance, Yunus lent $27 to 42 women, hoping small credit would help them to pull themselves out of poverty. Soon, Yunus’s Grameen Bank was born and, very small but often high-interest loans for poor people took off. In 2006, Yunus and the Grameen Bank won the Nobel Peace Prize for their work on anti-poverty lending.
But there’s a problem with this story. There are mounting concerns that these small loans are as likely to bury poor people in debt as they are to pull them from poverty, with borrowers facing consequences such as jail time and forced land sales. Hundreds have even reportedly committed suicide.
What happened? Did microfinance take a wrong turn, or was microfinance flawed from the beginning?
We Are Not Able to Live in the Sky is a story about unintended consequences, blind optimism, and the decades-long ramifications of seemingly small policy choices, rooted in the stories of women borrowers in Sierra Leone. Kardas-Nelson asks: What happens when a single, financially focused solution to global inequity ignores the real drivers of poverty? Who stands to benefit and, more importantly, who gets left behind?
We Are Not Able to Live in the Sky: the seductive promise of microfinance
By: Mara Kardas-Nelson
Rs 4,315.50 Rs 4,795.00 Ex Tax :Rs 4,315.50
Zubin Mehta: A Musical Journey (An Authorized Biography)
By: VOID - Bakhtiar K. Dadabhoy
Rs 892.50 Rs 1,050.00 Ex Tax :Rs 892.50
The Origins of Political Order From Prehuman Times to the French RevolutioN
By: Francis Fukuyama
Rs 4,045.50 Rs 4,495.00 Ex Tax :Rs 4,045.50
Manning Up: How the Rise of Women Has Turned Men into Boys
By: Kay Hymowitz
Rs 845.75 Rs 995.00 Ex Tax :Rs 845.75
The Obama Syndrome: Surrender At Home War Abroad
By: Tariq Ali
Rs 1,100.75 Rs 1,295.00 Ex Tax :Rs 1,100.75
The Quest For Meaning: Developing A Philosophy Of Pluralism
By: Tariq Ramadan
Rs 1,185.75 Rs 1,395.00 Ex Tax :Rs 1,185.75
No similar books from this author available at the moment.
How to be Positive and Happy (Mindfulness Journal)
By: Igloo Books
Rs 1,017.00 Rs 1,695.00 Ex Tax :Rs 1,017.00
The Bill Gates Problem - Reckoning with the Myth of the Good Billionaire
By: Tim Schwab
Rs 3,865.50 Rs 4,295.00 Ex Tax :Rs 3,865.50
Peter F. Drucker on Management Essentials
By: Peter F. Drucker
Rs 8,005.50 Rs 8,895.00 Ex Tax :Rs 8,005.50
Currently Classic - Jonathan Rachman Design
By: Jonathan Rachman
Rs 17,995.50 Rs 19,995.00 Ex Tax :Rs 17,995.50
The Science of Nutrition: Debunk the Diet Myths and Learn How to Eat Well for Health and Happiness
By: Rhiannon Lambert
Rs 4,945.50 Rs 5,495.00 Ex Tax :Rs 4,945.50
Hideouts: Architecture of Survival: Reflections on the Exhibition by Natalia Romik
By: Piotr Jakowenko
Rs 12,595.50 Rs 13,995.00 Ex Tax :Rs 12,595.50
In Search of Us - Adventures in Anthropology
By: Lucy Moore
Rs 2,335.50 Rs 2,595.00 Ex Tax :Rs 2,335.50
Socrates in Love: The Making of a Philosopher
By: Armand D Angour
Rs 2,205.75 Rs 2,595.00 Ex Tax :Rs 2,205.75
The Small States Club - How Small Smart States Can Save the World
By: Armen Sarkissian
Rs 7,915.50 Rs 8,795.00 Ex Tax :Rs 7,915.50
Sagittarius: A Guided Journal - A Celestial Guide to Recording Your Cosmic Sagittarius Journey
By: Constance Stellas
Rs 2,205.75 Rs 2,595.00 Ex Tax :Rs 2,205.75
Snow Leopard: Grey Ghost of the Mountain
By: Justin Anderson
Rs 1,610.75 Rs 1,895.00 Ex Tax :Rs 1,610.75
The New Makers of Modern Strategy: From the Ancient World to the Digital Age
By: Hal Brands
Rs 12,145.50 Rs 13,495.00 Ex Tax :Rs 12,145.50
Stop Waiting, Start Investing - Build Wealth With 10 Minutes Of Work
By: Ryan King
Rs 4,045.50 Rs 4,495.00 Ex Tax :Rs 4,045.50
Seeing Things as They Are: Selected Journalism and Other Writings (Penguin Modern Classics)
By: George Orwell
Rs 1,865.75 Rs 2,195.00 Ex Tax :Rs 1,865.75
Nudge - Improving Decisions about Health, Wealth and Happiness
By: Richard H Thaler
Rs 2,515.50 Rs 2,795.00 Ex Tax :Rs 2,515.50
Out of Your Comfort Zone - Breaking Boundaries for a Life Beyond Limits
By: Dr. Emma Mardlin
Rs 1,270.75 Rs 1,495.00 Ex Tax :Rs 1,270.75
The Social Brain - The Psychology of Successful Groups
By: Tracey Camilleri
Rs 2,515.50 Rs 2,795.00 Ex Tax :Rs 2,515.50
The Knight's First Tournament Peek Inside the 3d Windows Popup Books
By: Dereen Taylor
Rs 2,695.50 Rs 2,995.00 Ex Tax :Rs 2,695.50
My Stress Tracker: A Journal to Help You Map Out and Manage Your Stress Levels
By: Anna Barnes
Rs 2,335.50 Rs 2,595.00 Ex Tax :Rs 2,335.50
The Flash: S.T.A.R. Labs Ruled Pocket Journal
By: Insight Editions
Rs 1,270.75 Rs 1,495.00 Ex Tax :Rs 1,270.75
Politics on the Edge - A Memoir from Within
By: Rory Stewart
Rs 4,675.50 Rs 5,195.00 Ex Tax :Rs 4,675.50
Francis Bacon - A Self-Portrait in Words
By: Michael Peppiatt
Rs 14,395.50 Rs 15,995.00 Ex Tax :Rs 14,395.50
Why Buddhism is True - The Science and Philosophy of Meditation and Enlightenment
By: Robert Wright
Rs 2,695.50 Rs 2,995.00 Ex Tax :Rs 2,695.50
Zubin Mehta: A Musical Journey (An Authorized Biography)
By: VOID - Bakhtiar K. Dadabhoy
Rs 892.50 Rs 1,050.00 Ex Tax :Rs 892.50
We Are Not Able to Live in the Sky: the seductive promise of microfinance
By: Mara Kardas-Nelson
Rs 4,315.50 Rs 4,795.00 Ex Tax :Rs 4,315.50