The Synergy of Microfinance : Fighting Poverty by Moving Beyond Credit
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| Title: | The Synergy of Microfinance : Fighting Poverty by Moving Beyond Credit |
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| Description: | 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. |
| Authors: | Binod B. Nayak |
| Resource Type: | eBook. |
| Subjects: | Microfinance--Developing countries, Poor--Services for--Developing countries |
| Categories: | BUSINESS & ECONOMICS / Accounting / Financial |
| Database: | eBook Collection (EBSCOhost) |
| Abstract: | 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. |
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| ISBN: | 9789351500421 9789353288754 9789351501961 9789351504733 |
