Adverse Incorporation and Microfinance among Cross-Border Traders in Senegal

This paper highlights the relevance of adverse incorporation as a neglected theoretical approach to debates on microfinance through a case study of cross-border traders in Senegal. Although women’s organizations do not exclude even the poorest women, traders in remote areas were unable to access cre...

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Bibliographic Details
Published in:World development 2013-02, Vol.42, p.199-208
Main Author: Howson, Cynthia
Format: Article
Language:English
Subjects:
adverse incorporation
cross-border trade
Economic activity
Incorporation
International trade
Microfinance
Monitoring
Rural areas
Senegal
Smuggling
Studies
Traders
Women
Women owned businesses
Women's organizations
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Summary:This paper highlights the relevance of adverse incorporation as a neglected theoretical approach to debates on microfinance through a case study of cross-border traders in Senegal. Although women’s organizations do not exclude even the poorest women, traders in remote areas were unable to access credit due to particularly harsh standards of joint liability and adverse relations with donors, lenders, and elite women. Meanwhile, the peer monitoring function of group microcredit schemes is challenged by the fact that traders are strikingly uncritical of defaulting borrowers. Findings highlight the detrimental consequences of donors’ misconceptions regarding women’s organizations and economic activities.
ISSN:0305-750X
1873-5991
DOI:10.1016/j.worlddev.2012.06.002