Institute for Money, Technology & Financial Inclusion

This paper presents the financialization of poverty as a conceptual addition to the literature on microfinance. It argues that for microfinance to be seen as a solution to poverty alleviation, poverty has been made into a financial problem. This is exemplified by the World Bank's global poverty line and leads to the constitution of poor people as financial subjects. In addition, thinking of poverty in financial terms enables Northern publics’ engagement with poverty. Recent initiatives like Live Below the Line and Kiva.org are presented as examples of how poverty is made manageable for Northern supporters of microfinance.