The Synergy of Microfinance
Author | : Binod B. Nayak |
Publisher | : SAGE Publications Pvt. Limited |
Total Pages | : 0 |
Release | : 2019-01-17 |
ISBN-10 | : 935150042X |
ISBN-13 | : 9789351500421 |
Rating | : 4/5 (421 Downloads) |
Download or read book The Synergy of Microfinance written by Binod B. Nayak and published by SAGE Publications Pvt. Limited. This book was released on 2019-01-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.