Financializing the soul: Christian microfinance and economic missionization in Colombia
Microfinance is the vanguard of financialization today. This is especially true in Colombia, where microfinance rivals any other type of formal credit. Entangled with Colombia’s micro-financialization is the phenomenon of microfinance corporations in joint ventures with Christian organizations that...
| Published in: | Critical research on religion |
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| Main Author: | |
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Sage
2021
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| In: |
Critical research on religion
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| Standardized Subjects / Keyword chains: | B
Colombia
/ Microfinance
/ Christianity
/ Religious organization
/ Mission
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| IxTheo Classification: | CH Christianity and Society KBR Latin America RJ Mission; missiology |
| Further subjects: | B
Colombia
B Credit B Debt B Microfinance B Financialization B Christianity |
| Online Access: |
Volltext (lizenzpflichtig) |
| Summary: | Microfinance is the vanguard of financialization today. This is especially true in Colombia, where microfinance rivals any other type of formal credit. Entangled with Colombia’s micro-financialization is the phenomenon of microfinance corporations in joint ventures with Christian organizations that broker their microfinance programs. These faith-based corporations temper the surge in microfinance with ascetic discipline and the infusion of an entrepreneurial spirit. Economic discipline, say the microfinanciers, is required for what is referred to as ‘financial literacy’ and ‘financial inclusion’ programs that instil a distinctly Christian corporate order. This article, based on 2 years of sustained fieldwork in Colombia, focuses on one such microfinance program run by a transnational Christian credit organization. With microfinance, souls are disciplined through debts and ideals of an ascetic prosperity. In the end, the article concludes that there is a Christian morality to financialized capitalism that is exercised at the level of the interior soul. |
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| ISSN: | 2050-3040 |
| Contains: | Enthalten in: Critical research on religion
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| Persistent identifiers: | DOI: 10.1177/2050303220952861 |