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Essay text:
Its primary goal is to focus on shift from subsidized credit to self sufficient microfinance institutions. From institutions which are providing microcredit to those which provide microfinance.
The book has been divided in two parts. Part 1 titled “The Paradigm Shift in Microfinance” talks about superiority of financial system approach to microfinance as compared to poverty lending approach. Because of wider scale and longevity it can command. Part 2 titled “Theories of Local Finance: A critique” talks about prevailing theories in microfinance and how they have impeded its development...
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