"Low Profile" or Entrepreneurial? Gender, Class, and Cultural Adaptation in the Global Microfinance Industry

This study examines how discourses of entrepreneurial womanhood, filtered through a chain of hierarchically positioned actors in global microfinance, translate into interactions with borrowers. Drawing from ethnography, interviews, and document analysis on a set of entrepreneurial trainings delivered to nonentrepreneurial borrowers in urban India, this study argues that parallel, conflicting processes of cultural adaptation within the organization, and tensions between various actors, create an environment in which there is no incentive to cater to the interests of working class clients. Commercialized microfinance, thus, may not necessarily produce accountability to client interests. (C) 2015 Elsevier Ltd. All rights reserved.