In this valuable new book, a distinguished group of authors takes stock of the existing state of knowledge in the field of finance and the development process. Each chapter offers a comprehensive survey and synthesis of current issues. These include such critical subjects as savings, financial...

This paper reviews the achievements of the 'microfinance revolution', through reference to the now extensive literature. It finds that there are many opportunities to improve and innovate. To illustrate this finding, the paper concentrates on examining what we need to know to design and deliver...

An introduction to microfinance -- Microfinancial services and poor people -- Microfinance and poverty reduction -- Microfinance, gender, and social development -- Microfinance: innovations in product delivery -- Microinsurance -- Regulating and supervising microfinance institutions -- Impact...