Microfinance and Development in Emerging Economies: An Alternative Financial Model for Advancing the SDGs

Microfinance is used to reduce poverty, empower women, and boost development in India. Nishi Malhotra argues that the financial services provided to low-income groups through microfinance and group lending outside the traditional financial system are the best way to combat economic exclusion and achieve sustainable development.

Format: Hardback
Length: 284 pages
Publication date: 04 September 2023
Publisher: Emerald Publishing Limited

Globally, an astounding 1.7 billion people face the harsh reality of living in poverty, deprived of access to essential financial services. This lack of physical collateral and the perceived risk associated with lending to these individuals make creditors hesitant to invest in them. However, in a remarkable turn of events, microfinance is emerging as a powerful tool in India to combat poverty, empower women, and drive sustainable development.

In her book Microfinance and Development in Emerging Economies, Nishi Malhotra makes a compelling argument that the financial services provided to low-income groups and individuals through microfinance and group lending outside the traditional financial system offer the best solution to combat these pressing challenges. By examining the Indian government's use of various social welfare programs, Malhotra highlights the efforts to increase financial literacy and social equality, ultimately striving for sustainable development.

This book is a valuable resource for a wide range of stakeholders, including bankers, teachers, policymakers, and students. It provides a clear understanding of the practical and theoretical implications of this alternative microfinance model, shedding light on the potential for positive change in emerging economies. Through its comprehensive analysis and insightful perspectives, Microfinance and Development in Emerging Economies offers valuable insights into the role of financial services in addressing poverty and promoting inclusive growth.

Dimension: 229 x 152 (mm)
ISBN-13: 9781837538270