Microfinance

The field within financial services in which companies lend capital and provide financial services to low-income groups or individuals who do not typically have access to these services, in order to provide them with opportunity to become financially self-sufficient.

  • Sami Kar

    Some micro-financing examples like “sewing machine at home” (for a housewife in a village helping her to earn as a tailor) and the likes could have improved the understanding of the above definition.