Microfinance et capitalisme : la mission de prêter aux pauvres exclut-elle la recherche du profit ? Le cas des États-Unis et de l’Inde
Microfinance institutions (MFIs) enable micro entrepreneurs to become self-sufficient economic actors instead of relying on charity or welfare to meet their basic needs. Loans are never gifts and must be reimbursed by borrowers. Hence microfinance clearly operates in a market economy. There are, how...
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| Format: | Article |
| Language: | English |
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Presses universitaires de Rennes
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| Series: | Revue LISA |
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| Online Access: | https://journals.openedition.org/lisa/8268 |
| _version_ | 1797312837691899904 |
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| author | Régine Hollander |
| author_facet | Régine Hollander |
| author_sort | Régine Hollander |
| collection | DOAJ |
| description | Microfinance institutions (MFIs) enable micro entrepreneurs to become self-sufficient economic actors instead of relying on charity or welfare to meet their basic needs. Loans are never gifts and must be reimbursed by borrowers. Hence microfinance clearly operates in a market economy. There are, however, two approaches: non-profit institutions that aim, sometimes unsuccessfully, to break even, and for-profit companies that involve IPOs and, if possible, profits. In both cases, due to the risk incurred by lenders and their considerable operating costs, interest rates are higher than those of bank loans. This article compares the two approaches anchored to the economic contexts of two countries that differ greatly in terms of development and living standards, i.e. India and the United States. Whatever the model, the paper concludes, the sustainability of MFIs must be guaranteed both in downturns and upturns of the economic cycle. |
| first_indexed | 2024-03-08T02:20:02Z |
| format | Article |
| id | doaj.art-46add5f8d9be455ba0b4221c987eed66 |
| institution | Directory Open Access Journal |
| issn | 1762-6153 |
| language | English |
| last_indexed | 2024-03-08T02:20:02Z |
| publisher | Presses universitaires de Rennes |
| record_format | Article |
| series | Revue LISA |
| spelling | doaj.art-46add5f8d9be455ba0b4221c987eed662024-02-13T14:37:15ZengPresses universitaires de RennesRevue LISA1762-61531310.4000/lisa.8268Microfinance et capitalisme : la mission de prêter aux pauvres exclut-elle la recherche du profit ? Le cas des États-Unis et de l’IndeRégine HollanderMicrofinance institutions (MFIs) enable micro entrepreneurs to become self-sufficient economic actors instead of relying on charity or welfare to meet their basic needs. Loans are never gifts and must be reimbursed by borrowers. Hence microfinance clearly operates in a market economy. There are, however, two approaches: non-profit institutions that aim, sometimes unsuccessfully, to break even, and for-profit companies that involve IPOs and, if possible, profits. In both cases, due to the risk incurred by lenders and their considerable operating costs, interest rates are higher than those of bank loans. This article compares the two approaches anchored to the economic contexts of two countries that differ greatly in terms of development and living standards, i.e. India and the United States. Whatever the model, the paper concludes, the sustainability of MFIs must be guaranteed both in downturns and upturns of the economic cycle.https://journals.openedition.org/lisa/8268Anglo-Saxon capitalismaccess to banking servicescreditworthinessmicrofinance institution (MFI)for-profit MFInon-profit MFI |
| spellingShingle | Régine Hollander Microfinance et capitalisme : la mission de prêter aux pauvres exclut-elle la recherche du profit ? Le cas des États-Unis et de l’Inde Revue LISA Anglo-Saxon capitalism access to banking services creditworthiness microfinance institution (MFI) for-profit MFI non-profit MFI |
| title | Microfinance et capitalisme : la mission de prêter aux pauvres exclut-elle la recherche du profit ? Le cas des États-Unis et de l’Inde |
| title_full | Microfinance et capitalisme : la mission de prêter aux pauvres exclut-elle la recherche du profit ? Le cas des États-Unis et de l’Inde |
| title_fullStr | Microfinance et capitalisme : la mission de prêter aux pauvres exclut-elle la recherche du profit ? Le cas des États-Unis et de l’Inde |
| title_full_unstemmed | Microfinance et capitalisme : la mission de prêter aux pauvres exclut-elle la recherche du profit ? Le cas des États-Unis et de l’Inde |
| title_short | Microfinance et capitalisme : la mission de prêter aux pauvres exclut-elle la recherche du profit ? Le cas des États-Unis et de l’Inde |
| title_sort | microfinance et capitalisme la mission de preter aux pauvres exclut elle la recherche du profit le cas des etats unis et de l inde |
| topic | Anglo-Saxon capitalism access to banking services creditworthiness microfinance institution (MFI) for-profit MFI non-profit MFI |
| url | https://journals.openedition.org/lisa/8268 |
| work_keys_str_mv | AT reginehollander microfinanceetcapitalismelamissiondepreterauxpauvresexclutellelarechercheduprofitlecasdesetatsunisetdelinde |