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The microfinance revolution has allowed more than 150 million poor around the world to receive small loans without collateral, build up assets, and buy insurance. This book offers an accessible and engaging analysis of the global expansion of financial markets in poor communities. It introduces readers to the key ideas driving microfinance, integrating theory with empirical data and addressing a range of issues, including savings and insurance, the role of women, impact measurement, and management incentives.
This second edition has been updated throughout to reflect the latest data, with new material on commercialization, credit contracts, savings and insurance, gender, impact measurement, and governance. Appendixes and problem sets cover technical material.
The book is primarily meant for the undergraduate and postgraduate students of economics and public policy. Researchers practitioners in the field will also find the book useful.
Anyone interested in the science behind microfinance must read this impressive book. It is written with experience in microfinance and a deep understanding of economics. ISBN-9788120342712
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Pages : 488
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