The Syn­ergy of Mi­cro­fi­nance: Fight­ing Poverty by Mov­ing Be­yond

Down to Earth - - REVIEW -

` THIS BOOK em­pha­sises the sig­nif­i­cance of in­no­va­tive fi­nan­cial and risk man­age­ment tools in mi­cro­fi­nance in­sti­tu­tions. 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. 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.

Credit Binod B Nayak, Sage, 995

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.