Microfinance
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Microfinance is a sector of financial services that provides financial services to low-income populations who are often excluded from traditional banking systems. Microfinance institutions (MFIs) offer a range of services, including microloans, savings accounts, and insurance, to help their clients meet their financial needs and improve their livelihoods.
What is Microfinance?
Microfinance is a type of banking that provides small loans, savings, and other financial services to the poor and low-income people. Microfinance institutions (MFIs) are typically non-profit organizations that are dedicated to helping the poor improve their livelihoods. Microfinance loans are typically small, short-term loans that are used to finance small businesses or other income-generating activities.
