Book review: the crises of microcredit edited by Isabelle Guérin, Marc Labie and Jean-Michel Servet

Do microfinance initiatives offer a panacea for poverty? In The Crises of Microcredit, editors Isabelle Guérin, Marc Labie and Jean-Michel Servet present a set of essays that examines the emergent problems in the microfinance sector. While the book will be of use to those wanting to understand how an apparent miracle cure now seems shrouded in crisis, Jason Hickel argues that the book does not fully explore the structural issues that render microcredit a fundamentally flawed means of enabling development and solving global poverty.