The Economics of Microfinance, 2007, 346 pages, Beatriz Armendariz de Aghion,

Beatriz Armendriz, Jonathan Morduch, 0262512017, 9780262512015, MIT Press,

2007
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The microfinance revolution, begun with independent initiatives in Latin America and South Asia
starting in the 1970s, has so far allowed 65 million poor people around the world to receive small
loans without collateral, build up assets, and buy insurance. This comprehensive survey of
microfinance seeks to bridge the gap in the existing literature on microfinance between academic
economists and practitioners. Both authors have pursued the subject not only in academia but in
the field; Beatriz Armendariz founded a microfinance bank in Chiapas, Mexico, and Jonathan
Morduch has done fieldwork in Bangladesh, China, and Indonesia.The book provides an overview
of microfinance by addressing a range of issues, including lessons from informal markets, savings
and insurance, the role of women, the place of subsidies, impact measurement, and management
incentives. It integrates theory with empirical data, citing studies from Asia, Africa, and Latin
America and introducing ideas about asymmetric information, principal-agent theory, and
household decision making in the context of microfinance.
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Global Success Factors of Viable Microfinance and Implications for China An Analysis of Success
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The Economics of Microfinance , Beatriz Armendriz, Jonathan Morduch, Apr 23, 2010, Business &
Economics, 496 pages. The microfinance revolution has allowed more than 150 million poor people
around the world to receive small loans without collateral, build up assets, and buy insurance. The.
The Handbook of Microfinance , Beatriz Armendariz, Marc Labie, 2011, Business & Economics, 669
pages. Handbook of Microfinance addresses the gap between clients who are benefiting from
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