Retired banker Nayak examines how lack of access to formal and poor-friendly financial services such as credit, savings, insurance, and payment systems for money transfer have been major
impediments to fighting poverty effectively. He says that microfinance, since the late 1980s, has been able to design and deliver a menu of poor-friendly financial instruments that cater to the
needs of the poor in this regard. He also explores complementary, non-financial services that many microfinance institutions extend to the poor in order to help them fight poverty with a
greater degree of success. Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
