Microfinance topic
Also known as
- Microlending,
- Microfinancing
Microfinance refers to the provision of financial services to poor or low-income clients, including consumers and the self-employed. The term also refers to the practice of sustainably delivering those services. Microcredit (or loans to poor microenterprises) should not be confused with microfinance, which addresses a full range of banking needs for poor people.
More broadly, it refers to a movement that envisions “a world in which as many poor and near-poor households as possible have...
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