The Synergy of Microfinance
Fighting Poverty by Moving beyond Credit
Business & Finance, Accounting, Financial, Nonfiction, Reference & Language, Reference, Social & Cultural Studies, Social Science
| Author: | Binod B Nayak | ISBN: | 9789351504733 |
| Publisher: | SAGE Publications | Publication: | December 3, 2014 |
| Imprint: | Sage Publications Pvt. Ltd | Language: | English |
| Author: | Binod B Nayak |
| ISBN: | 9789351504733 |
| Publisher: | SAGE Publications |
| Publication: | December 3, 2014 |
| Imprint: | Sage Publications Pvt. Ltd |
| Language: | English |
The Synergy of Microfinance underlines the significance of innovative financial and risk management tools and non-financial complementary services by microfinance institutions in poverty alleviation. It undertakes a nuanced analysis of financial instruments— microcredit, microsavings, microinsurance, microleasing and payment systems for money transfer— and non-financial services such as social intermediation, livelihood promotion and access to broader market place.
Given the diminished expectations on microcredit impact, the book highlights results from randomized control trial (RCT)-based studies around the world. It argues that exclusive access to microcredit alone may not suffice in alleviating poverty on a mass scale and could pose a financial risk for poor households or households that over-borrow. There is also a discussion on the Andhra Pradesh microfinance crisis of 2010, and the developments that took place in its aftermath.
The Synergy of Microfinance underlines the significance of innovative financial and risk management tools and non-financial complementary services by microfinance institutions in poverty alleviation. It undertakes a nuanced analysis of financial instruments— microcredit, microsavings, microinsurance, microleasing and payment systems for money transfer— and non-financial services such as social intermediation, livelihood promotion and access to broader market place.
Given the diminished expectations on microcredit impact, the book highlights results from randomized control trial (RCT)-based studies around the world. It argues that exclusive access to microcredit alone may not suffice in alleviating poverty on a mass scale and could pose a financial risk for poor households or households that over-borrow. There is also a discussion on the Andhra Pradesh microfinance crisis of 2010, and the developments that took place in its aftermath.
