What do you know about Microfinance

Question

Accepted Answer

Microfinance is a financial service that provides small loans to low-income individuals or groups who lack access to traditional banking services.

Microfinance aims to alleviate poverty and promote financial inclusion
It typically involves small loans with low interest rates and flexible repayment terms
Microfinance institutions also provide other financial services such as savings accounts and insurance
Examples of microfinance institutions include Grameen Bank and Kiva
Microfinance has been successful in empowering women and promoting entrepreneurship in developing countries

Accepted Answer

Microfinance is a banking service provide to. Low income individual or groups who otherwise would have no other access to financial services. Microfinance allows people to take on reasonable small businesses loans safely, in a manner that is consistent with ethical leading practices.

What do you know about Microfinance

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