The Economics of Microfinance
The microfinance revolution has allowed more than 150 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. The idea that providing access to reliable and affordable financial services can have powerful economic and social effects has captured the imagination of policymakers, activists, bankers, and researchers around the world; the 2006 Nobel Peace Prize went to microfinance pioneer Muhammed Yunis and Grameen Bank of Bangladesh....
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An accessible analysis of the global expansion of financial markets in poor communities, incorporating the latest thinking and evidence.
\ From the PublisherPraise for the first edition "An excellent analysis of the evolution of microfinance and the economic theory behind it....Though the style is that of a textbook, including exercises and numerical examples, the text is well written and an excellent source for economists who want to learn about this topic." Branko Milanovich Times Higher Education Supplement\ \
