Microfinance Activities and Form

Instructions and help about Microfinance Activities And

about microfinance take six-and-a-half around the world billions of people are living without access to the financial services that many of us take for granted without access to loans savings accounts insurance and fund transfers the obstacles to overcoming poverty or attaining financial stability can be insurmountable there's a movement underway to provide better financial services to people that banks don't serve these services are collectively called microfinance one of the most powerful facets of microfinance is microcredit or small loans microfinance institutions in many countries offer loans with a few hundred dollars at a time to people in need sometimes this is all it takes to help a person become profitably self-employed their business can provide valuable goods and services to their community and proceeds from their business can support them in their family and allow them to pay back their loan loans are also sometimes used for housing education or to create other opportuniti