Tabs navigation
Microfinance - a tentative neo-Marxist diagnosis, and what next?
Karl Marx postulated that the owners of capital could use it to exploit those who only have their labour to sell; this article demonstrates private capital can use microfinance lending to extract the surplus from poor people in developing countries by charging high interest rates on loans that they use for running microbusinesses. The author makes recommendations that may help to make microfinance less exploitative.
Karl Marx postulated that the owners of capital could use it to exploit those who only have their labour to sell; this article demonstrates private capital can use microfinance lending to extract the surplus from poor people in developing countries by charging high interest rates on loans that they use for running microbusinesses. The author makes recommendations that may help to make microfinance less exploitative.
Tabs navigation
- Value chain financing: evidence from Zambia on smallholder access to finance for mechanization
- Developing agro-pastoral entrepreneurship: bundling blended finance and technology
- Building frontline market facilitators' capacity: the case of the ‘Integrating Very Poor Producers into Value Chains Field Guide’
- Boosting financial inclusion through social assistance reform: evidence-based approach in selecting a payment system
- Impact of COVID-19 on livestock exports from Somalia and the Horn of Africa
Browse our other journals
