Introducing a new direction for microenterprise finance, contributors argue that one can create sustainable and viable financial institutions that give the poor greater access to financial services.... This description may be from another edition of this product.
Otero and Rhyne have done an admirable job of documenting recent advances in the field of microfinance. They combine a succinct and accessible writing style with lively case studies to (a) challenge pre-existing economic notions regarding microfinance, (b) present a model for evaluating microfinance programs, (c) discuss the legal environment for microfinance programs, and, (d) elaborate on alternative program design and delivery mechanisms to effectively reach poor clients. I found the case studies very helpful. Both laymen and specialists will benefit from the balanced, informed and painstaking research that has gone into writing this book. A must-read for development enthusiasts in general and microfinance fanatics in particular!
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