TY  - BOOK
AU  - Binod B. Nayak
TI  - The synergy of microfinance : fighting poverty by moving beyond credit
SN  - 978-93-515-0042-1
U1  - 332 
PY  - 2015///
CY  - New Delhi
PB  - Sage
KW  - Microfinance
KW  - Poor--Services for
KW  - Developing countries
KW  - Poverty
N2  - The Synergy of Microfinance underlines the significance of innovative financial and risk management tools and non-financial complementary services by microfinance institutions in poverty alleviation. It undertakes a nuanced analysis of financial instruments— microcredit, microsavings, microinsurance, microleasing and payment systems for money transfer— and non-financial services such as social intermediation, livelihood promotion and access to broader market place. 

Given the diminished expectations on microcredit impact, the book highlights results from randomized control trial (RCT)-based studies around the world. It argues that exclusive access to microcredit alone may not suffice in alleviating poverty on a mass scale and could pose a financial risk for poor households or households that over-borrow. There is also a discussion on the Andhra Pradesh microfinance crisis of 2010, and the developments that took place in its aftermath
ER  -