Rise and Fall of Microfinance in India: The Andhra Pradesh Crisis in Perspective

Mader, Philip

doi:10.1002/jsc.1921

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Rise and Fall of Microfinance in India: The Andhra Pradesh Crisis in Perspective

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Mader, Philip
International Max Planck Research School on the Social and Political Constitution of the Economy, MPI for the Study of Societies, Max Planck Society;

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http://dx.doi.org/10.1002/jsc.1921
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Citation

Mader, P. (2013). Rise and Fall of Microfinance in India: The Andhra Pradesh Crisis in Perspective. Strategic Change, 22(1-2), 47-66. doi:10.1002/jsc.1921.

Cite as: https://hdl.handle.net/11858/00-001M-0000-0018-5488-A

Abstract

The crisis of microfinance which erupted in 2010 in Andhra Pradesh has complex causes rooted in Indian history.
Indian microfinance institutions pursued reckless growth at all costs and ignored all warnings in a particular environment inherited from the past.
Their business model was built on shaky foundations, until a blundering Andhra government stepped in.