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The Economics of Microfinance
468 pages, 2010
money & investing
165 books
economics & politics
987 books
business & management
1082 booksBy integrating theory and evidence, this accessible book offers a comprehensive introduction to the global expansion of financial markets in poor communities. It explains why financial services are essential for the poor to escape poverty, how microfinance has changed over time, and what we know about the impact of particular products. The authors describe how savings and insurance can be used as self-protection mechanisms against risks like illness or injury, how women are affected by participation in microfinance activities, how we can evaluate whether microcredit programs work as economic development tools, and what managers can learn from their mistakes. A synthesis of cutting-edge thinking on microfinance around the world today, this book will resonate with anyone interested in social science and public policy.
In The Economics of Microfinance, Beatriz Armendariz explores the concept of microfinance. She explains how small loans can help people in developing countries start their own businesses. This is a great chance to learn about a different approach to finance that can change lives.
The book also digs into the impact of microfinance on poverty reduction. It shows how these small loans can help people escape poverty and improve their living conditions. If you're interested in social change, you'll find this part of the book particularly fascinating.
Armendariz also highlights the role of women in microfinance. She explains how microfinance institutions often target women, as they are more likely to repay loans and use the money to benefit their families. This is a great opportunity to see how finance can empower women in developing countries.
While microfinance has many benefits, it also has its challenges. The author takes a look at issues like high interest rates and the risk of over-indebtedness. This will give you a balanced view of microfinance, helping you understand both its potential and its limitations.
Finally, the book explores the future of microfinance. It discusses how technology can make microfinance more accessible and efficient. If you're interested in fintech or social entrepreneurship, you'll definitely want to check out this part of the book.
Quotes 4
Armendariz's book is a comprehensive and insightful exploration of the intricacies of microfinance. It's a must-read for anyone interested in the field.
Muhammad Yunus - Microfinance PioneerThe Economics of Microfinance is a remarkable book that combines the pragmatism of a practitioner with the rigour of an academic. It's a must-read for anyone interested in poverty alleviation.
Esther Duflo - Development EconomistArmendariz's book is a masterful blend of theory and practice, making it an indispensable resource for both students and practitioners of microfinance.
Robert Shiller - Behavioral EconomistThe Economics of Microfinance is a comprehensive guide to the principles and practice of microfinance. It's a must-read for anyone working in the field.
Elisabeth Rhyne - Microfinance Advocate