• ISBN13: 9789351500421
• Binding: Hardcover
• Subject: Economics
• Publisher: Sage Publications
• Publisher Imprint: SAGE India
• Publication Date: May 16, 2014
• Pages: 372
• Original Price: INR 1095.0
• Language: English
• Edition: N/A
• Item Weight: 522 grams

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.