What is microfinance? - Definition from WhatIs.com
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.

This was last updated in June 2012
Posted by: Margaret Rouse

Related Terms

Definitions

  • venture capital (VC)

    - Venture capital (VC) is funding invested, or available for investment, in an enterprise that offers the probability of profit along with the possibility of loss. (WhatIs.com)

  • invitation to tender (ITT)

    - An invitation to tender (ITT) is the initial step in competitive tendering, in which suppliers and contractors are invited to provide offers for supply or service contracts. (WhatIs.com)

  • equity crowdfunding

    - Equity crowdfunding is a variation on the crowdsource model that offers contributors the ability to purchase stock in a business. The model is typically used to launch a startup or to provide funds... (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 ...

Ask a Question. Find an Answer.Powered by ITKnowledgeExchange.com

Ask An IT Question

Get answers from your peers on your most technical challenges

Ask Question

Tech TalkComment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.