This thesis examines feminist discursive entanglement within microcredit programs that enables the expansion of neo-liberal governance expressed through consumer citizenship, competition, state de-regulation, privatization and financialization of social relations throughout developing countries. This work examines the complex and multifaceted power relations through which Third World women's 'old' and 'new' subject positions are (re)produced and argues that previous colonial discourses of cultural, racial and sexual inferiority have not been replaced but are merely camouflaged by practices of women's inclusion in development discourses and practices.