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

  • revenue recognition

    - Revenue recognition is a tenet of corporate financial management that defines when a company officially accounts for revenue. (searchFinancialApplications.com)

  • two pizza rule

    - The two pizza rule is a guideline for limiting the number of attendees at a meeting. According to the rule, a meeting should never have so many attendees that they could not all be fed with two piz... (WhatIs.com)

  • driver-based planning

    - Driver-based planning is an approach to management that identifies an organization's key business drivers and creates a series of business plans that mathematically model how those things most nece... (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.