The Synergy of Microfinance: Fighting Poverty by Moving Beyond
` 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