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Microfinance has grown into a distinct and impactful industry. It has developed into a large employer, a great platform for policy interventions and a tool for poverty alleviation and financial inclusion. It has also been a subject of debates and discussions across the world. The enormous growth of microfinance as a field of practice and as a body of knowledge has made it a challenging task to comprehend this subject.This textbook is an attempt to explain the concepts and practices of microfinance. Considering the needs of postgraduate students in the field of management, economics, development studies and social sciences, this book explains the topic through theories, cases and exercises.
