Role of microfinance in disaster mitigation

Purpose - In the context of the Indian subcontinent, aims to examine the suitability of using microfinance for natural disaster risk reduction at the household and community level, and also of delivering it in the wake of a natural disaster.Design methodology approach - Explains microfinance strategies comprising: diversifying income source; designing new loan products; risk management; sustainability of microfinance institutions post-disaster; liquidity management post-disaster, etc.Findings - States that microfinance should be recognized as one of a series of measures within a disaster risk management strategy. Along with eco-friendly farming it can help overcome poverty in developing countries.Originality value - Probably the first real attempt to explore the importance of microfinance interventions in natural disasters both at the personal level and generally.