Microfinance in India: Issues & Challenges
Edited by J U Ahmed, D Bhagat & G. Singaiah – NEHU; August 2010. Hardback. 314 Pages. Price: INR 950.00 Source:www.booksfordevelopment.org
Microfinance as a discipline in the field of global financial system has gained inclusive acceptance. The issues relating to the sustainability of microfinance is a much needed exercise particularly in the Indian context which would help develop tailor made models considering cultural diversity of the country. The book offers a vital stand for choosing the real pathway for success and sustainability of microfinance revolution. The books covers issues and challenges of microfinance, microfinance delivery models, bank linkages programs and rural empowerment.
Financial Promise for the Poor: How Groups Build Microsavings
Edited by Kim Wilson, Malcolm Harper & Mathew Griffith, June 2010. ISBN: 9781565493391; Kumarian Press, Paperback. 256 Pages. Price: INR 1713.00
The entry of the private sector into financial services for the poor is a relatively new development, but already the glossy promises of credit-led microfinance are facing scrutiny from the development community. Policymakers and economists have begun picking through the hype of microfinance to identify where and how topdown loans might fit into broader human development efforts. To many, the answer involves shifting focus to another financial service: savings. Serving as a strong and perhaps more effective tool than microcredit, microsavings is quickly becoming a lauded povertyalleviation tool.
Contributors to Financial Promise for the Poor cover current innovations in microsavings happening around the world. They describe how savings group members in the developing world are avoiding many of the financial liabilities and debt of other microfinance programs while gaining skills and finding opportunities in collective enterprise. The turn from credit to savings speaks to the growing empowerment of individuals and communities as they break the bonds of indebtedness and find their own paths to financial security.
Savings of the Poor: How They Do It………
Edited by Sankar Datta, S L Narayana & S Srinivas – The Livelihood School & BASIX; 2010. Paperback. Publisher: Ipd Alternatives. ISBN:978-8182910874; 252 Pages Price: Rs 650.00/US$ 39.95
Savings of the Poor portrays the concepts of savings behaviour of the poor, various inclusive approaches and insights into the regulatory mechanisms in India.
This book has captured the wide literature on the behaviour of poor towards savings and distilled the key lessons for the practitioners and policy makers. Linking products to purpose, catering to multiple needs, focus on short-term savings, priority to convenience, appropriate incentive design, saving in kind and building trust are the key learnings highlighted in this book.
The insights assume significant importance in the background of the RBI’s Financial Literacy thrust as well significant importance to livelihood promoting organizations, academic institutions, MFIs, academic institutions etc.
By Smitha Premchander; V. Prameela, M. Chidambaranathan, L. Jeyaseelan, November 2009. Pbk. ISBN: 978-8132101697; Sage Publications (ca) 280 Pages. Price: INR 595/US$ 29.95
This book analyzes what microfinance money means to women; and in doing so, it focuses on the perspectives of individual women and of women-only groups. It explores women’s own money management strategies, group dynamics and learning processes in groups, and in this context, discusses the divergence between the perspectives of external intervening agencies, and those of women who are members of selfhelp groups. One of the important aspects of this study is taking into cognizance women’s own experiences. Based on case studies and participatory research methods, it spans issues from macro to micro level, and focuses on women as agents of change in their own livelihoods.
The book does not consciously follow a feminist methodology; yet the perspective is feminist, as it questions the benefits and costs to women from development programs. The feminist principles used include a focus on gender, valuing women’s experiences and emphasizing women’s empowerment, political change and emancipation.
Author: Frances Sinha, October 2009. Paperback. 180 Pages. Price: INR 695/US$ 29.95. Source:www.booksfordevelopment.org
Self-Help Groups (SHGs), a means of reaching rural women with savings and credit services, have taken off dramatically in India, where an estimated 25 million women are members. Their benefits are social as well as economic: SHGs encourage women to become active in village affairs, or take action against domestic violence, the dowry system, or the lack of schools. But some questions remain. How effective and transparent are the groups in managing their finances? Are the groups sustainable? Do the poorest benefit? What does it take for SHGs to mobilize for social action? How effective are such actions? For the first time, detailed field research probes beneath the surface of India’s world-renowned SHGs. It explores both social and financial performance in the SHG movement. This book reveals that whilst there are important achievements, especially on the social side, without more strategic attention and more resources these are unlikely to be sustainable. This is a essential reading for those studying and practicing microfinance, and for bankers and policymakers considering banking for the poor.