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MicroFinance
What is Microfinance?
Synonym: Micro Credit, Micro Lending

 

Small loans that help poor people who wish to start or expand their small businesses but, are not able to get banks to lend to them.
Reference: You Think! World Bank
http://youthink.worldbank.org/glossary.php

 

is a term used to refer to the activity of provision of financial services to clients who are excluded from the traditional financial system on account of their lower economic status. These financial services will most commonly take the form of loans (see microcredit) and savings, though some microfinance institutions will offer other services such as insurance and payment services.
Reference: Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Microfinance

 

An extremely small loan given to impoverished people to help them become self employed. Also known as "micro lending"
Reference: Investopedia

 

Small loans that help poor people who wish to start or expand their small businesses but, are not able to get banks to lend to them.
Reference: American Heritage Dictionary













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