What's is microfinance .

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Accepted Answer

Microfinance is a financial service that provides small loans and other financial services to low-income individuals and entrepreneurs.

Microfinance aims to alleviate poverty and promote economic development by providing access to financial services to those who are unable to access traditional banking services.
It typically involves providing small loans, known as microloans, to individuals who lack collateral or a credit history.
Microfinance institutions also offer other financial services such as savings accounts, insurance, and financial education.
These services help individuals start or expand small businesses, improve their livelihoods, and build financial stability.
For example, a microfinance institution may provide a small loan to a woman in a rural area to start a small tailoring business, enabling her to generate income and support her family.

Accepted Answer

Microfinance called microcredit and microfin was created to give for loans to low - income prosan and provided to loan small business

Accepted Answer

Microfinance called microcredit and Microfin was created to give loans to low-income people and turn them into entrepreneurs to increase their income, and provided to loan small business enterprise

Accepted Answer

Microfinance is provided the loan in group they are not able to getting loan from banks . Microfinance reguler by mfine. Which is start from Bangladesh .

What's is microfinance .

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