What you know about micro finance ?

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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 often target women and marginalized communities, as they are more likely to be excluded from traditional financial services.
One of the most well-known examples of microfinance is the Grameen Bank in Bangladesh, founded by Muhammad Yunus.
Microfinance has been shown to have a positive impact on poverty reduction and economic development in many countries.

What you know about micro finance ?

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