The Other Financial Crisis: Poor Women, Small Credits, Big Businesses, published in 2010

India is in the midst of a financial crisis that shows striking similarities to the US subprime crisis, both in its origins and the rescue strategies used. Just as the cheap mortgage granted to low-income households in the USA, the microcredits given to poor women in rural areas worked out as financialisation of everyday life and integration of the women into the global financial market with its return-based logic.

Download: TheOtherFinancialCrisisonMicrocredit.