@article{fdi:010076767,
  title = {{I}nadequate growth, over-indebtedness, and crises in microcredit : what have we learned ?},
  author = {{G}u{\'e}rin, {I}sabelle and {L}abie, {M}. and {M}orvan-{R}oux, {S}.},
  editor = {},
  language = {{ENG}},
  abstract = {{M}icrocredit markets and institutions have experienced a certain number of major crises over the last decades. {T}his paper aims to understand the dynamics that have led to those crises, including latent crises, by analysing a set of factors at three levels: customers, institutions, and markets. {B}ased on multidisciplinary research, it provides a holistic and systemic understanding of microcredit crises and a graphic representation of the main causes and interactions. {I}t calls for a broad conception of sustainability, which should be understood not only as a financial issue, but also as a sociocultural and political issue, at the level of both microfinance institutions ({MFI}s) and clients. {T}he paper also identifies some of the key questions that anyone should ask when getting involved with microcredit programmes or institutions in order to avoid crises.},
  keywords = {{INDE} ; {MAROC} ; {DOMINICAINE} {REPUBLIQUE}},
  booktitle = {},
  journal = {{E}nterprise {D}evelopment and {M}icrofinance},
  volume = {29},
  numero = {2},
  pages = {118--132},
  ISSN = {1755-1978},
  year = {2018},
  DOI = {10.3362/1755-1986.17-00013},
  URL = {https://www.documentation.ird.fr/hor/fdi:010076767},
}