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Similar policies were also implemented in the Global South throughout years of neoliberal structural adjustment.

However, Kiva’s emphasis on providing small microloans only semi-directly (that is, through microcredit institutions) to micro-entrepreneurs in developing countries has almost nothing to do with actually fighting poverty. The “Kiva experience” is much more about Kiva supporters seeking a form of pe…

But profitability is just one half of the explanation for the microcredit model’s widespread support among policymakers, politicians, and ordinary people. The issue of ideology is also central.

Microcredit is supremely attractive to the neoliberal development community and neoliberal politicians…

[...] The reality behind the microcredit hype is that the vast majority of those who took out a microloan to invest in some income-generating project ended up failing or else displacing other struggling informal microenterprises operating in the same sector.