Microfinance FAQ

1. What is microfinance?

Microfinance is the provision of financial services at a micro level to poor households. It originated as a powerful tool for poverty alleviation, though recent years witnessed a growing trend of commercialization within the sector. Microfinance comprises the following services:

  • Micro Credit
  • Micro Savings
  • Micro Insurance
  • Micro Remittances
  • Micro Pensions
  • Micro Investments

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