CONTENTS Preface v 1 Microfinance: An Introduction 1 2 Financial Services for Low Income Families : An Appraisal 4 3 Microfinance: Attractive Business Proposition 23 4 Finance for the Poor: Microfinance Development Strategy 55 5 Microfinance Operations of Other Multilateral Development Banks 85 6 Limits of Micro Credit as a Rural Development Intervention 104 7 When Micro Credit fails Non-Viable Enterprises and or Entrepreneurs 118 8 From Microcredit to Microfinance: a Business Perspective 137 9 The Future of Microfinance 157 10 Microfinance in India: Sectoral Issues and Challenges 186 11 Sustainability of Microfinance Self Help Groups in India 203 12 Transformation of Microfinance in India: Experiences, Options and Future 230 13 Savings in the Context of Microfinance: State of Knowledge 262 Bibliography 277 Index 279