Micro Finance
Author : Sabuz Akaash What Is Microfinance? Microfinance, also called microcredit, is a type of banking service provided to low-income individuals or groups who otherwise wouldn't have access to financial services. While institutions participating in microfinance most often provide lending—microloans can range from as small as $50 to under $50,000. However, many banks offer additional services, such as checking and savings accounts, while others may provide micro-insurance products as well as financial and busine...