This paper reviews feminist critiques, both on conceptual and empirical grounds, of the contention that microcredit empowers women. It also reviews other critiques of microcredit as being pushed by a neo-liberal agenda to extend the domain of the market or as a development panacea while not really representing authentic development. It makes a case for privileging women’s perception and voice and adds to the literature that does this using a case study from Pakistan.
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