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Microfinance: Impacts and Insights

 
S. Rajagopalan (Author) Nirali Parikh (Author)
Synopsis The field of microfinance has grown in size and stature since its humble origins in 1976 in Bangladesh. According to the Microcredit Summit Campaign, an international forum to promote microfinance, as of December 31, 2005, over 3,000 microfinance institutions around the globe have reported reaching 113 million clients, 82 millions of whom were among the poorest when they took their first loan. The recent announcement of 2006 Nobel Peace Prize award to Prof. Muhammad Yunus, originator of microfinance, and Grameen Bank, the institution he founded, again marks a significant milestone in the recognition of the field of microfinance by the international community. Despite the significant strides that microfinance has taken, there has always been skepticism expressed about its effectiveness in alleviating poverty, especially in reaching the poorest of the poor. The entry of commercial players, with their focus on getting a decent return on investment, queers the pitch even further. While microfinance might currently be hogging the limelight, the time is opportune to assess its impacts. To this end, this book presents various impact assessment studies focusing on the different, but not unrelated, impact areas of microfinance - poverty alleviation, livelihood generation, women's empowerment, and children's education.
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About the authors

S. Rajagopalan

S Rajagopalan holds an MBA in Finance from Gujarat University. He has worked for five years in the development sector in the area of microfinance and livelihood promotion for the poor, both with non-governmental organizations and the government. Prior to his stint in the development sector, he had worked in the area of corporate financial analysis and research for a research organization for five years. Currently, he is a Consulting Editor at The ICFAI Business School, Ahmedabad.

Nirali Parikh

Nirali Parikh is an MBA with specialization both in Finance and Marketing. Currently, she is working as a faculty associate with Icfai Business School, Ahmedabad. She has contributed several articles for various Icfai magazines and journals. Her areas of interest include credit risk management, corporate finance, and advertising management.

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Bibliographic information

Title Microfinance: Impacts and Insights
Format Hardcover
Date published: 11.10.2007
Edition 1st ed.
Language: English
isbn 8131407985
length 224p.