Ebook Free Download | The Economics of Microfinance | Microfinance has become one of the most important mechanisms for the development of informal business in developing economies. As such, it has attracted attention from development practitioners, economists and politicians. Disappointingly, most books on the subject can be best described as infomercials - rarely do they go beyond success stories of happy women in brightly coloured clothes who are now running home enterprises. But practitioners know that there is far more to microfinance than simply providing loans - just as there is far more to development than simply pouring money into a country. There are pitfalls to microfinance: it can crowd out local business, it can catapult poor people further into poverty if incorrectly adminstered, and there are a host of governance issues surrounding it.
This book provides a comprehensive analysis of the economics of microfinance, as the title suggests. It is a technical book: it expects a high level of economic understanding, but it synthesises a vast amount of information on the subject and communicates it succintly. This is without a doubt one of the best technical economics books I have read - and I have read an awful lot of them. I've given this book to my PhD students working in this area as essential background reading before they commence research. I commend this book to any economist or development practitioner who is interested in the economics behind the stories and photos, who want to find solutions that will really catalyse economic development, who want to see successful projects implemented and who want to learn from the expertise of others to make sure they do the best for their clients.
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