Demystifying Micro-Credit

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Micro-entrepreneurship and subjective well-being: Evidence from rural Bangladesh (2019, background): “Karim (2008) argues that, in Bangladesh, microfinance lenders instrumentally deploy various forms of shaming to recover loans, and refers to the relationship between lenders and borrowers as ‘political economy of shame’.”
The empty rhetoric of poverty reduction at the base of the pyramid (2012, background): “Similarly, Karim (2008) documents that rural middle class women benefited most from micro-credit.”