What do you know about the Micro Finance

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

Microfinance helps to alleviate poverty by providing access to financial services to those who are traditionally excluded from the formal banking sector.
It typically involves small loans, savings accounts, and insurance products.
Microfinance institutions (MFIs) are the primary providers of microfinance services, and they operate in both developed and developing countries.
Examples of MFIs include Grameen Bank in Bangladesh and Kiva in the United States.
Microfinance has been shown to have a positive impact on economic development and social welfare.
However, there are also concerns about high interest rates and over-indebtedness among microfinance borrowers.

Top HR questions asked in Light Microfinance Vice President Accounts