The Politics of Microcredit

This study provides a descriptive analysis of microcredit public policy network and examines the policy formulation processes and policy cycles within the network. In this regard, it researches:

• The patterns of institutional changes within the network;
• Modes of network initiation;
• Policy cycles of the network as a whole and a specific policy cluster;
• Outcomes of the network.

The study:

• Aims to understand the patterns of network development and the politics of its policy cycles;
• Discusses policy recommendations capable of generating corrective measures to control for network performance flaw;
• Champions the necessity of comprehensive political management of the microcredit enterprise;
• Finds this a precondition to better the overall operation of the network in local and global levels;
• Provides an analytical framework for a comprehensive study of microcredit enterprise;
• Questions whether or not microcredit enterprise is a global public policy network and answers in the affirmative;
• Offers a working definition of microcredit global public policy network;
• Discusses the analytical feasibility and policy rationale of proposing policy networks as a framework of study for microcredit enterprise;
• Examines the pre-network context of the problem of poverty, network initiation and subsequent policy cycles.

The paper concludes with an analysis of whether microcredit policy network offers governance outlets in the local levels and if so, how to enhance that process.