Micro-finance has emerged in recent years as a major tool for development and is fast growing as an international industry. This book explores how developmental goals and action can be put back into micro-finance. It sets out how micro-finance can be designed, in practice, to contribute to a wide range of developmental objectives, including social and economic security for poor people, promoting livelihoods, building democratic people`s organisations, empowering women, and changing wider systems or institutions within society. It provides a detailed discussion on the fast expanding movement of savings and credit or `self-help` groups in India, and presents a comparison of these groups with those promoted by the Grameen Bank in Bangladesh, reviewing the differences in their sustainability, outreach and impact on poor people.
I. MICRO-FINANCE AND DEVELOPMENT: Micro-Finance and Social and Economic Security
II. MICRO-FINANCE: ORGANISATIONS AND INSTITUTIONS
Sanjay Sinha and Frances Sinha