The New World of Microenterprise Finance: Building Healthy Financial Institutions for the Poor (Kumarian Press Library of Management for Development)

Rating:
Summary: You Must Read This Book!
Review: Otero and Rhyne have done an admirable job of documenting recent advances in the field of microfinance. They combine a succinct and accessible writing style with lively case studies to (a) challenge pre-existing economic notions regarding microfinance, (b) present a model for evaluating microfinance programs, (c) discuss the legal environment for microfinance programs, and, (d) elaborate on alternative program design and delivery mechanisms to effectively reach poor clients. I found the case studies very helpful. Both laymen and specialists will benefit from the balanced, informed and painstaking research that has gone into writing this book. A must-read for development enthusiasts in general and microfinance fanatics in particular!