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  1. Due Diligence: An Impertinent Inquiry into Microfinance
    Due Diligence: An Impertinent Inquiry into Microfinance
    Due Diligence: An Impertinent Inquiry into Microfinance
    Due Diligence: An Impertinent Inquiry into Microfinance
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  2. Due Diligence: An Impertinent Inquiry into Microfinance

    Delivery: 10-20 Working Days
    Customer Ratings (7 reviews)
    Price R818.00

Additional Information

The idea that small loans can help poor families build businesses and exit poverty has blossomed into a global movement. The concept has captured the public imagination, drawn in billions of dollars, reached millions of customers, and garnered a Nobel Prize. Radical in its suggestion that the poor are creditworthy and conservative in its insistence on individual accountability, the idea has expanded beyond credit into savings, insurance, and money transfers, earning the name microfinance. But is it the boon so many think it is?

Readers of David Roodman's openbook blog will immediately recognize his thorough, straightforward, and trenchant analysis. Due Diligence, written entirely in public with input from readers, probes the truth about microfinance to guide governments, foundations, investors, and private citizens who support financial services for poor people. In particular, it explains the need to deemphasize microcredit in favor of other financial services for the poor.

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David Roodman
Center for Global Development
Center for Global Development
Center for Global Development
Center for Global Development
Most Helpful Customer Reviews

It is impertinent to question the effectiveness of charitable efforts, and this makes it difficult for anyone to raise doubts about the practice of microcredit, which involves lending small sums of money to the poor at high interest rates. But if the purpose of the charitable efforts is to help the poor, rather than to gratify the donors, then someone really does need to investigate whether the practice actually works. That person is David Roodman in this book.

The quick - and for most donors very disappointing - answer is that there is no convincing evidence that microcredit is an effective tool for bringing people out of poverty. There are many stories of people who have indeed worked their way out of poverty after accessing microcredit loans, but there are also many stories of people who have worked their way further into debt. According to the author, the most reliable research into the effectiveness of microcredit does not indicate any net positive effect on the... Read more
David Roodman writes extremely well and that makes it an engaging read to start with. He is a very well trained academician who has taken more tie and effort than any other I know to understand what microfinance actually does (with the possible exception of Esther Duflo). He interacted with many users of microfinance and, supposedly more intensively, the providers - managers, investors, development agencies, etc. - and genuinely reflects their experiences and the kind of knowledge they have gathered. He blends and contrasts and syntesis it with the principles and insights of academic methods, particularly in the area of impact-assessment. The result is an outstandingly rich book that offers learning ground for academicians and practitioners equally. A truly due diligence, written to be read!
Below are the endorsements the book has received. As the author, I didn't want to rate the book, but Amazon required me to.

Roodman has been the most consistent and articulate analyst of microcredit in recent years. I hope this book reaches a wide readership and brings lasting, universal improvements in financial services for low-income people. --Muhammad Yunus, founder, Grameen Bank, and winner, Nobel Peace Prize

At a time when the pendulum of public opinion on microfinance is swinging from exuberance to cynicism, Roodman's balanced, evidence-based assessment is a timely and seminal contribution. This is an essential read for practitioners, promoters, and critics of microfinance. --Sir Fazle Abed, founder and chair, BRAC

Due Diligence is the result of years of rigorous, fact-based analysis and deep thinking of the type microfinance sorely needs. Anyone interested in the future of financial inclusion should read Roodman's work. --Carlos Danel Cendoya,... Read more
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