Literature
17.Mar, 2011
The ERSTE Foundation Library creates knowledge by building collections that mirror the capacity and memory of ERSTE Foundation and supports the Foundation’s mission and vision.
![]()
Armendáriz de Aghion, B. and Morduch, J. (2005). The Economics of Microfinance.
The authors move beyond the usual theoretical focus in the microfinance literature and draw on new developments in theories of contracts and incentives.
![]()
Bateman, M. (2010). Why Doesn’t Microfinance Work?
In this provocative and controversial analysis, Milford Bateman reveals that microfinance doesn’t actually work. Using a multitude of case studies, from India to Cambodia, Bolivia to Uganda, Serbia to Mexico, Bateman demonstrates that microfinance actually constitutes a major barrier to sustainable economic and social development, and thus also to sustainable poverty reduction.
![]()
Dichter, T. and Harper, M. (2007). What’s Wrong with Microfinance?
Is microfinance really a step on the road to economic growth, or is it a short-term palliative, keeping poor people poor? This and many other critical questions about microfinance are discussed in the book.
![]()
Harper, M. (2003). Microfinance: Evolution, Achievements and Challenges.
Selected by Malcolm Harper, all have been written by experienced authorities, with practical experience, and several are widely regarded as seminal contributions.
Ledgerwood, J. (1998). Microfinance handbook: Sustainable Banking with the Poor.
The purpose of this handbook is to bring together in a single source guiding principles and tools that will promote sustainable microfinance and create viable institutions.
![]()
Richter, R. and Spiegel, P. (2008). The Power of Dignity – Die Kraft der Würde: The Grameen Family. Bielefeld: Kamphausen.
A beautifully photographed and insightfully written illustrated book about the people of Grameen in Bangladesh (both English and German language).
![]()
Yunus, M. (2007). Creating a World without Poverty – Social Business and the Future of Capitalism. Public Affairs.
The book thoroughly explains the social business concept and contains several examples of real-life social businesses. Visionary and practical at the same time, it is a must read for social entrepreneurs in general, and those interested in microfinance in particular.
![]()

Yunus, M. (2006). Für eine Welt ohne Armut. Die Autobiographie des Friedensnobelpreisträgers. Bastei Lübbe.
The German version of Yunus’ auto-biography gives an insight into his life as well as the thought process behind the idea of microfinance and the Grameen Bank.
![]()







