What Is Microfinance
Microfinance is a topic that is infamously hard to define. It varies greatly depending on the purpose and location. Often in the United States, microfinance loans are aimed towards individuals who would otherwise be unable to secure a loan at a traditional institution, such as a bank, due to their financial status or credit. Ideal microfinance customers are often those who plan on taking part in entrepreneurial or other business-related efforts. Individuals who receive loans will be able to gain access to greater financial stability through their business efforts, allowing them to successfully pay back the loans while building their own credit. Microfinance practices allow many individuals to raise themselves out of financial instability by pursuing their entrepreneurial dreams.
To learn more about microfinance, especially in its traditional sense, the articles linked below are a great place to start!
Learn More About Microfinance
Want to learn more about microfinance? Check out some of these articles: