This article was generated from a PhD thesis undertaken and defended at University College Cork (December 2010). The author would like to acknowledge that the PhD research was funded primarily by the Faculty of Arts, University College Cork, PhD research scholarship, and in part by two international Irish nongovernmental institutions, Self Help International and Vita. Acknowledgment is also due to Dr. Kathy Glavanis-Grantham (my PhD thesis supervisor) for her comments and sustained encouragement in the course of this study. I thank the editor and the reviewers of this journal for their constructive criticisms and remarks on the earlier versions of the article.
Social Capital as Collateral: Banking on the Poor
Version of Record online: 2 JAN 2014
© 2014 American Journal of Economics and Sociology, Inc.
American Journal of Economics and Sociology
Volume 73, Issue 1, pages 108–125, January 2014
How to Cite
Geleta, E. B. (2014), Social Capital as Collateral: Banking on the Poor. American Journal of Economics and Sociology, 73: 108–125. doi: 10.1111/ajes.12070
- Issue online: 2 JAN 2014
- Version of Record online: 2 JAN 2014
- Faculty of Arts, University College Cork
- Two international Irish nongovernmental institutions, Self Help International and Vita
Vol. 73, Issue 2, 443, Version of Record online: 2 APR 2014
Group-based micro finance is a field in which the place of social capital in development has been given a central focus. The formation of micro group is based on tapping into the information that group members have about each other, thus relying on social capital. Group-based micro finance has also been explained as a means of creating social capital. This article, drawing on Pierre Bourdieu's conception of social capital, in contrast to the widely accepted notion of it, critically examines the link between social capital and group-based micro finance. It argues that group-based MF is not favored by the marginalized poor, and it serves as a mechanism in the production and reproduction of social conflict and inequality.