@article{ref1,
title="Alleviating poverty or reinforcing inequality? Interpreting micro-finance in practice, with illustrations from rural China",
journal="British journal of sociology",
year="2014",
author="Hsu, Becky Yang",
volume="65",
number="2",
pages="245-265",
abstract="Academic and political discussions about micro-finance have been found lacking in predictive power, because they are based on orthodox economic theory, which does not properly comprehend the social components of credit. I take a better approach, utilizing credit theory ? specifically, Ingham's explication of how the nature of money as credit leads to social inequality. I also expound the perspective that morality is not separate from considerations borrowers make in micro-finance programmes on the micro level. I draw upon illustrations from my fieldwork in rural China, where a group-lending micro-finance programme was administered as part of a larger government-initiated effort across the country.<p />",
language="en",
issn="0007-1315",
doi="10.1111/1468-4446.12076",
url="http://dx.doi.org/10.1111/1468-4446.12076"
}