Do you have any idea about microfinance?

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

Microfinance aims to help alleviate poverty by providing financial services to those who are unable to access traditional banking services.
It typically involves small loans, savings accounts, insurance, and other financial products tailored to the needs of low-income individuals.
Microfinance institutions may also provide financial education and other support services to help clients improve their financial literacy and business skills.
Examples of microfinance institutions include Grameen Bank in Bangladesh and Kiva.org, a nonprofit organization that facilitates microloans to entrepreneurs in developing countries.

Do you have any idea about microfinance?

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