Introduction to Microfinance Microfinance has grown from the obscure efforts of a few philanthropic institutions into a global industry that reaches 150–200 million clients through the branches of thousands of institutions. Microfinance has matured from exclusively funding loans to providing savings, insurance, healthcare, and education. Yet many people still think of it narrowly as microcredit. Understanding remains thin of what the industry does, how it functions and why.
Introduction to Microfinance provides a non-technical introduction to the broad array of inclusive financial and non-financial services for the world's poor. It explores the financial lives of those families, and the microfinance institutions and rapidly growing industry that serve them. Written in close collaboration with college students for college students, under the auspices of one of the US's leading undergraduate programs in microfinance, it is the first-ever introductory college textbook about microfinance.
What is microfinance? What are its methods and why? Does it work? What are its prospects and challenges? Why is it controversial? This book tackles these questions and more.
Contents:An Introduction to MicrofinanceDaily Financial Lives of the PoorBarriers to Financial Services for the PoorInformal FinanceMicrolendingBeyond Microcredit Gender Issues in MicrofinanceThe Evolution of Commercial MicrofinanceMeasuring the Impact of Microfinance
Readership: Undergraduates and graduates interested in microfinance and those who are keen to know more about microfinance, development, and/or social investing.
Keywords:Poverty;Financial Inclusion;Microcredit;Microloans;Microlending;Microinsurance;Microsavings;Microfinance Industry;Economic Development;Sustainable Development;Sustainability;Income Gap;Gender Studies;Behavioral Finance;Behavioral Economics;Balance of Payments;Bottom of the Pyramid;Economics;Finance;BankingReview:Key Features:The only introductory, non-technical, microfinance textbook that is made reader-friendly for undergraduates and graduatesWritten in close collaboration with college students for college students, under the auspices of one of the US's leading undergraduate programs in microfinanceA complete coverage of the microfinance industry, its evolution and impact, in theory and in practiceSupplementary boxes (i.e., Dig Deeper, In the Field, Faces, In Your Backyard) relate microfinance to practices by individuals, organizations, as well as developing and developed countries