Top Ten Books to Read About Microfinance

Microfinance Feb 25, 2021

Televisions, the Internet, and TV shows are some of the appealing methods of learning, but nothing can replace a Book when it comes to thorough knowledge and understanding.

The wisdom, solution, the perspective that a book provides you is merely irreplaceable. Microfinance is a vast topic that has interrelated issues that give you a basic idea about the sector.

To get your hands on Microfinance and understand the working better, here are some books you can give a read.

Small short and Unsecured- Informal Rural Finance in India, by F.J.A. Bouman

The book throws light on the number of financial agents in the Sangli district of Maharashtra. It focuses on informal financial intermediates such as money lenders. The author also discusses informal finance agents to be better equipped for low-income rural communities' unique demands.

Women at the centre: Grameen Bank Borrowers After One Decade, By Helen Todd

The book shows the long-term effects of two-decade on poor women of Bangladesh. It details the daily processes of how they generated their income from loans and how they used it.  It also demonstrates the control they should have on the loan amount and how these loans could fundamentally change the poor women's lives.

Mainstream Microfinance: How Lending to the Poor began By Elisabeth Rhyne

The book depicts the success story of how microfinance in Latin America uplifted the population into the financial mainstream. Some people still blame microfinance as the reason to increase poverty; the book offered a moderate voice to all these microfinance problems and depicted how loans could eliminate poverty.

The Economics of Microfinance by Beatrice Amendáriz and Jonathan Morduch

The author moved beyond microfinance's usual theoretical focus in this book and drew a new concept to understand the business and other related topics. Each chapter in the book ends with analytically challenging exercises to help the economics student in public policy and development study.

Portfolio of the Poor: How the World's Poor Live on $2 a Day by Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven

The book clearly explains how the poor find the solution to their everyday financial problems. The author has brought out this book after lengthy interviews with impoverished villagers of India and Bangladesh.  The methods adopted by them give us a closer look at the need for a microfinance business in a place.

Poverty Capital: Microfinance And the making of Development by Ananya Roy

The book is more about the people who manage poverty. It throws light on the institutions that control 'capital' and investment.  Through microfinance, the book has brought in many fierce debates about the development of places. Along with the secrets of their success, the book gives an in-depth analysis of microfinance and its conduct.

Development as Freedom by Amartya Sen

The marvelous book comes with a total sum up of how the third world is still unfree. However, the poor aren't technically slaves, but the financial crisis has left them no better. Freedom, according to the author, is the ultimate goal of social and economic arrangements.

Confession of microfinance heretic by Hugh Sinclair

Hugh Sinclair has been working with several microfinance institutions worldwide. In this book, he explained how microfinance could work to eliminate poverty from society.  He describes several experiences with ethical and practical organizations and their unique way of business handling. He also concludes that microfinance could prove to be an investment opportunity that will fill the poor with hollow promises and empty pockets.

Due diligence: An impertinent Inquiry Into Microfinance by David Roodman

The book has a clear, straightforward, and trenchant analytic report about the finance and economic sector.  The author probes the truth about the M.F.I.s to guide the government and other private citizens who support financial services for poor people.  It explains the need for such microloans and credits and has expanded the requirements of savings, insurance, and other future financial help through microfinance.

Finance ethics by John R.Boatrightt

The book illustrates microfinance knowledge both theoretically and through example practices; various finance disciplines have contributed to the book's success. It covers the issues that financial services and financial theory faces.

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