When was microfinance established

Question

Accepted Answer

Microfinance was established in the 1970s as a way to provide financial services to low-income individuals and communities.

Microfinance originated in the 1970s as an initiative to alleviate poverty and promote financial inclusion.
The Grameen Bank in Bangladesh, founded by Muhammad Yunus in 1976, is often credited as the pioneer of modern microfinance.
Microfinance institutions offer small loans, savings accounts, and other financial services to individuals who lack access to traditional banking services.
The concept of microfinance has since spread globally, with numerous organizations and initiatives dedicated to providing financial support to underserved populations.

Accepted Answer

1970 Bangladesh

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