Abstract
In India, micro-finance has grown rapidly. We examine qualitative local data on micro-finance in southern Andhra Pradesh. We compare and contrast Mayoux's three paradigms of micro-finance as being differentiated by their assumptions, their claims, and the mode of operation of those who adhere to them. Each paradigm offers a grounding for practice as well as a mode of discourse for microfinance practitioners. In Andhra Pradesh, the empowerment paradigm is fading away compared with the financial sustainability paradigm of micro-finance. The anti-poverty paradigm is also muted. The financial sustainability school is presently dominant in this complex micro-enterprise scene. © Koninklijke Brill NV 2006.
| Original language | English |
|---|---|
| Pages (from-to) | 31-54 |
| Number of pages | 23 |
| Journal | Perspectives on Global Development and Technology |
| Volume | 5 |
| Issue number | 1-2 |
| DOIs | |
| Publication status | Published - Mar 2006 |
Keywords
- Economic pluralism
- Empowerment
- Micro-finance
- Paradigms
- Poverty alleviation
- Sustainability
