Microfinance and the challenge of financial inclusion for development
回顾了发展中国家小额信贷的文献，评估其效果，以印度为例分析安得拉邦危机，认为小额信贷不是万能药，需监管和补贴，并探索其他金融包容策略。
This article provides a review of the recent literature on microfinance in developing countries and a critical assessment of its effectiveness. It examines the experience of India, which has one of the largest microfinance sectors in the world, and particularly the unfolding of the microfinance crisis in Andhra Pradesh. It concludes that microfinance cannot be seen as a silver bullet for development and that profit-oriented microfinance institutions are problematic. To fulfil even some of its progressive goals, it must be regulated and subsidised, and other strategies for viable financial inclusion of the poor and of small producers must be more actively pursued. Copyright , Oxford University Press.