"Microcredit, made popular by the success of the Grameen Bank in Bangladesh, has been promoted as an effective tool for creating financial opportunities and spurring grassroots entrepreneurship in inner-city areas. Nitin Bhatt's analysis of microcredit programs in the United States shows that while intentions have been good, the results have been less than expected.

This book takes a fresh look at the systemic roots of the challenges confronting microcredit programs, asking tough questions about operational efficiency and financial viability." "Bhatt's recommendations for improving the performance of microcredit programs offer new possibilities for supporting and nurturing inner-city entrepreneurship."--BOOK JACKET.