List of figures; List of tables; Acknowledgments; 1. Group lending, social ties, and a pragmatist theory of microfinance; 2. Microfinance in China: history, influences, and program efforts; 3. Credit and favor: the effect of social influence on repayment and default; 4. Repaying a friend: making the self and the impossible default; 5. The social cost of sanctions: why borrowers avoided making others lose face; 6. Personhood, microfinance, and a new proposition for the sociology of development; Appendix: fieldwork methodology; Glossary; Bibliography; Index.