What is micro finance

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

Microfinance helps to alleviate poverty by providing access to credit and other financial services.
It is typically targeted towards low-income individuals and groups who lack access to traditional banking services.
Microfinance institutions often provide small loans, savings accounts, and insurance products.
The goal of microfinance is to empower individuals and communities to improve their economic situation and become self-sufficient.
Examples of microfinance institutions include Grameen Bank in Bangladesh and Kiva.org, an online microfinance platform.

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