Inspired Finance The Role of Faith in Microfinance and International

By tracing an arc of thought and action from both historical and religious figures up through modern microfinance practitioners, Looft illustrates the many ways religious inspiration continues to remain at the crux of international economic development–wh

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Copyright material from www.palgraveconnect.com - licensed to City University London - PalgraveConnect - 2016-03-23

Inspired Finance

10.1057/9781137450784 - Inspired Finance, Michael Looft

10.1057/9781137450784 - Inspired Finance, Michael Looft

Copyright material from www.palgraveconnect.com - licensed to City University London - PalgraveConnect - 2016-03-23

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Inspired Finance

Michael Looft Kiva Microfunds, USA

10.1057/9781137450784 - Inspired Finance, Michael Looft

Copyright material from www.palgraveconnect.com - licensed to City University London - PalgraveConnect - 2016-03-23

The Role of Faith in Microfinance and International Economic Development

© Michael Looft 2014 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission.

Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted his right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2014 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978–1–137–45077–7 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Looft, Michael, 1971– Inspired finance : the role of faith in microfinance and international economic development / Michael Looft. pages cm Summary: “Inspired Finance argues that much of the world’s poor need access to financial services through vehicles such as microfinance rather than a continued reliance on charity. It demonstrates how modern microfinance traces its roots to various religious traditions, exploring the tension between charity and self-reliance in those traditions. Through thoughtful investigation and engaging case studies, Inspired Finance examines the impact these historical religious legacies have had on designing and developing financial services for the poor. Ultimately, Inspired Finance challenges you to consider how these religious influences can be restructured to help a rapidly growing industry target the poor in a way that truly helps them rise out of poverty, while at the same time respecting their inherent worth and dignity”— Provided