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Doing Good by Doing Well? Microfinance, Self-Regulation and Borrowers' Over-indebtedness in the Dominican Republic

par Afonso, Joana Silva;Morvant-Roux, Solène;Guérin, Isabelle;Forcella, Davide
Référence Journal of international development, 29, 7, page (919-935)
Publication Publié, 2017-10

Article révisé par les pairs

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Résumé :

The Dominican Republic's microfinance sector is considered to be a solid market where over-indebtedness prevention best practices are widely and successfully implemented. Relying on qualitative data collection tools and analysis, we identify these ‘best practices’ as self-regulation mechanisms, and we show how they fail to fully fulfil their goals in the Dominican market. While financial exclusion supports the idea of a sizable microcredit market, we argue that the focus on growth and high competition strongly jeopardizes the positive social outcomes of microcredit, and that only a paradigm shift within the sector will really change the present situation. Copyright © 2016 John Wiley & Sons, Ltd.