1st Edition

A Microcredit Alternative in South Asia Akhuwat's Experiment

By Shahrukh Rafi Khan, Natasha Ansari Copyright 2018
182 Pages
by Routledge

182 Pages
by Routledge

182 Pages
by Routledge

Microcredit took the development world by storm as a tool for poverty alleviation in the 1980s. After being hailed as a panacea, a few decades on it started being forcefully criticised based on its practice. This book explores Akhuwat (literally brotherhood), a rapidly growing Pakistani NGO formed in 2001, which addresses the shortcomings of conventional microfinance. Its vision is of a... Read more

Part I: Conceptual and institutional issues 1. Introduction 2. Altruism and faith inspired giving 3. Altruism in Pakistan and Akhuwat’s altruistic initiatives 4. Critiques of conventional microcredit 5. The Akhuwat interest free microcredit model Part II: Empirical assessment 6. Akhuwat’s microcredit alternative 7: Promoting self-sufficiency via enterprise 8: Policy issues Part III: Summary and conclusion

Biography

Shahrukh Rafi Khan is currently a Mount Holyoke College Research Associate. He has published extensively in refereed journals and authored and edited several books. His recent books include a History of Development Economics Thought (Routledge, 2014) and Market as Means not Master: Towards New Developmentalism (Routledge, 2010).



Natasha Ansari is a Research Associate at the Collective for Social Science Research. She is one of the lead researchers on the Value Chains pillar for the research consortium Leveraging Agriculture for Nutrition in South Asia (LANSA) in Pakistan.