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The Responsibility of Mobile Money Intellectuals?

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  • N8 - Micro-Business History
  • L96 - Telecommunications
  • E42 - Monetary Systems
  • Standards
  • Regimes
  • Government And The Monetary System
  • Payment Systems
  • H23 - Externalities
  • Redistributive Effects
  • Environmental Taxes And Subsidies
  • G21 - Banks
  • Depository Institutions
  • Micro Finance Institutions
  • Mortgages


035$ Munich Personal RePEc Archive The Responsibility of Mobile Money Intellectuals? Kevin Donovan University of Cape Town 2012 Online at MPRA Paper No. 41659, posted 3. October 2012 13:53 UTC The Responsibility of Mobile Money Intellectuals? David M. Roodman, Due Diligence: An Impertinent Inquiry into Microfinance, Center for Global Development, 2011, 275 pp., $7.99 (Kindle). ISBN: 1933286482 Tonny K. Omwansa & Nicholas P. Sullivan, Money, Real Quick: The Story of M- PESA, Guardian Books, 2012, 140 pp., $2.99 (Kindle). ASIN: B007FPP7NI David Wolman, The End of Money: Counterfeiters, Preachers, Techies, Dreamers – And the Coming Cashless Society, Da Capo Press, 2012, 240 pp., $11.99 (Kindle). ISBN: 0306818833 Kevin P. Donovan [email protected] Fulbright Fellow, Department of Sociology University of Cape Town Private Bag, Rondebosch 7701 Cape Town South Africa The canonical microfinance narrative featuring small loans, growing businesses, and empowered women has, perhaps more than any other from the development industry, spread around the globe, capturing public imagination and significant investment. In contrast to repeated failures to alleviate poverty, the microfinance movement has been widely considered a development success, appealing to liberals and conservatives alike. Yet, as David Roodman describes in his measured book, the tale of microfinance is far more complicated and troubled, with significant changes—many technological—on the horizon. Due Diligence presents a historical overview of microfinance, making it clear that Mohammed Yunus comes from a long legacy of entrepreneurial providers financial services to low-income populations. Although the absolute dollar amounts involved are minimal, the volatility of income among the impoverished requires them to be highly active and sophisticated financiers. The ability to manage risk, smooth consumption, and mobili

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