Disciplinary Technologies of Microfinance: Fictitious Proximity, Visibility and Surveillance in Rural Microfinance in Bangladesh

While microcredits are, by the development practitioners, repeatedly hailed as a useful measure of development policy, this empirical research in Bangladesh arrives at different results: the governing and disciplinary measures are necessary to trigger the best possible repayment success. Based on interviews with the microfinance beneficiaries, loan officers, and microfinance experts in Bangladesh, I chart some of the most frequently used governing and disciplinary techniques including fictitious proximity of loan officers, their fields of visibility and surveillance processes. The “success” of credit delivery is a neoliberal stance that ensures the ceaseless debt repayment process using the intentional and planned conduct, capitalizing social capital and credit honour reputation, surveillance over business enterprises, use of equivocal language and different forms of deception. The development strategy through microfinance in Bangladesh is a development “dispositif” with a changing shift in its declared social missions.