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

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