Includes bibliographical references and index

<p style="text-align: justify;"><strong>The Synergy of Microfinance</strong> underlines the significance of innovative financial and risk management tools and non-financial complementary services by microfinance institutions in poverty alleviation. It undertakes a nuanced analysis of financial instruments- microcredit, microsavings, microinsurance, microleasing and payment systems for money transfer- and non-financial services such as social intermediation, livelihood promotion and access to broader market place. <br /> <br /> Given the diminished expectations on microcredit impact, the book highlights results from randomized control trial (RCT)-based studies around the world. It argues that exclusive access to microcredit alone may not suffice in alleviating poverty on a mass scale and could pose a financial risk for poor households or households that over-borrow. There is also a discussion on the Andhra Pradesh microfinance crisis of 2010, and the developments that took place in its aftermath.</p> <div style="text-align: justify;"> </div> <div> </div>