Findings from London School of Economics in the Area of Anthropology Described (Relative indemnity: risk, insurance, and kinship in Indian…

Findings from London School of Economics in the Area of Anthropology Described (Relative indemnity: risk, insurance, and kinship in Indian microfinance)

By a News Reporter-Staff News Editor at Science Letter -- Investigators publish new report on Science - Anthropology. According to news originating from London, United Kingdom, by NewsRx editors, the research stated, "With the growth of commercial microfinance in India, the poor have been increasingly enfolded into circuits of global finance."

Financial supporters for this research include Wenner-Gren Foundation, Social Science Research Council, National Science Foundation (see also Science - Anthropology).

Our news journalists obtained a quote from the research from the London School of Economics, "In making these collateral-free loans, however, microfinance institutions (MFIs) engage in new forms of risk management. While loans are made to women with the goal of economic and social empowerment, MFIs require male kin to serve as guarantors."

According to the news editors, the research concluded: "Drawing on fieldwork in the city of Kolkata, I argue that through the requirement of male guarantors, MFIs hedge on kinship, even as they speculate on the bottom of the pyramid as a new market of accumulation."

For more information on this research see: Relative indemnity: risk, insurance, and kinship in Indian microfinance. Journal of the Royal Anthropological Institute, 2017;23(2):302-319. Journal of the Royal Anthropological Institute can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - www.wiley.com/; Journal of the Royal Anthropological Institute - onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9655)

The news correspondents report that additional information may be obtained from S. Kar, London Sch Econ & Polit Sci, Dept. of Int Dev, London WC2A 2AE, United Kingdom.

Keywords for this news article include: London, United Kingdom, Europe, Anthropology, Science, London School of Economics.

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