Author: Suresh Jungari
Joanna Ledgerwood authored ‘The New Microfinance Handbook’, which discusses on the financial market system and the system of microfinance at length. It emphasizes on deeper understanding of the functioning of microfinance and how this system is going to serve the need of marginalized population. It critically analyses the financial needs of poor people, and discusses how a categorically developed financial system can mitigate these needs of poor with easy accessibility and benefits. This book emphasizes on larger admittance and usage of financial products and services that can holistically meet poor people’s needs through sustainable mechanisms. It advocates for a wider financial system beyond the traditional microfinance with the aim of inclusive economic development. The approach of the book is unlike the earlier such writings.
The new handbook reveals the multidisciplinary functioning of modern microfinance systems. The juncture of finance, technology and development has increased its penetration. The embedded combination of network and technology operators, microfinance institutions and community network has made it possible. This book impressively reflectson the constantly changing dynamics of microfinance environment that is