Credit to Capabilities

A Sociological Study of Microcredit Groups in India

Paromita Sanyal

• Publisher: Cambridge University Press
• Year: 2014
• Print ISBN: 9781107077676
• eBook ISBN: 9781316147320
• Topic: Social Sciences
• Subtopic: Sociology
• Index: Social Sciences

Credit to Capabilities focuses on the controversial topic of microcredit's impact on women's empowerment and, especially, on the neglected question of how microcredit transforms women's agency. Based on interviews with hundreds of economically and socially vulnerable women from peasant households, this book highlights the role of the associational mechanism - forming women into groups that are embedded in a vast network and providing the opportunity for face-to-face participation in group meetings - in improving women's capabilities. This book reveals the role of microcredit groups in fostering women's social capital, particularly their capacity of organizing collective action for public goods and for protecting women's welfare. It argues that, in the Indian context, microcredit groups are becoming increasingly important in rural civil societies. Throughout, the book maintains an analytical distinction between married women in male-headed households and women in female-headed households in discussing the potentials and the limitations of microcredit's social and economic impacts.

Table of contents

• Cover
• Half-title page
• Title page
• Copyright page
• Contents
• Acknowledgments
• Introduction
• 1 The global trajectory of microcredit
• 2 Agency
• 3 Converting loans into leverage
• 4 The power of participation
• 5 Microcredit and collective action
• 6 Culture and microcredit: why socio-religious dimensions matter
• 7 Loans and well-being
• 8 Interpreting microcredit
• 9 Epilogue: the future of microcredit
• Appendix
• Bibliography
• Index