IIFL SAMASTA Interview Questions and Answers

Microfinance is the provision of financial services to low-income individuals or groups who lack access to traditional banking services.

• Microfinance institutions provide small loans, savings accounts, insurance, and other financial services to help people start or grow businesses.

• The goal is to promote financial inclusion and reduce poverty by empowering individuals and communities to become self-sufficient.

• Microfinanc...read more

Microfinance is the provision of financial services to low-income individuals or groups who lack access to traditional banking services.

• Microfinance began in the 1970s with the Grameen Bank in Bangladesh

• It gained popularity in the 1980s and 1990s as a tool for poverty alleviation

• Microfinance institutions provide small loans, savings accounts, and other financial services to the poor

• The industry has faced criticism for ...read more