Definition

microfinance

Part of the Business terms glossary:

Microfinance is the provision of savings accounts, loans, insurance, money transfers and other banking services to customers that lack access to traditional financial services, usually because of poverty. Making small loans to individuals who lack the necessary resources to secure traditional credit is known as microcredit.

Next Steps

CARE launches online micro-finance site to support entrepreneurs in developing world
Leading aid agency CARE International UK has la...
(ComputerWeekly.com)
Biometric authentication technology curbs microfinance org’s losses
Growing Opportunity implements biometric authen...
(searchSecurity.in)

This was last updated in June 2012

Posted by: Margaret Rouse

Related Terms

Definitions

microcredit
- Microcredit is a variation on traditional credit service that involves providing small loans to people who would otherwise be unable to secure credit, typically because of poverty. Related barriers... (WhatIs.com)

Glossaries

Business terms
- Terms related to business, including definitions about project management and words and phrases about human resources, finance and vertical industries.
Internet applications
- This WhatIs.com glossary contains terms related to Internet applications, including definitions about Software as a Service (SaaS) delivery models and words and phrases about web sites, e-commerce ...

Dig Deeper

CARE launches online micro-finance site to support entrepreneurs in developing world

Leading aid agency CARE International UK has launched www.lendwithcare.org - an innovative micro-finance website aimed at transforming the way people give. (ComputerWeekly.com)
Biometric authentication technology curbs microfinance org’s losses

Growing Opportunity implements biometric authentication technology to overcome financial losses resulting from duplicate loan applications. (searchSecurity.in)
Portfolio management and “end-to-end” ALM: What tools are needed?

Expert Kevin Parker advocates for the integration of the people, processes, tools and automation in the application development lifecycle in order to achieve effective portfolio management. (SearchSoftwareQuality.com)

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