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 microfinan
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