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Micro finance seeks to provide financial services to the unbanked sections of the society - the poor and low-income people, typically in the rural areas. These services are provided by organizations called Micro-finance institutions - microcredit is a related concept, which means providing small value loans on little or no collateral.
Microfinance seeks to reduce poverty by providing permanent access of financial services, including loans, to low-income and poor households. For example: loans to farmers to buy agricultural inputs like seeds and fertilizers.
Wiki User
∙ 14y ago
Wiki User
∙ 15y agodiscuss how micro finance influence poverty
Fendi Randolph
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What role does micro finance play in international trade?
there help the poor and to eradicate poverty
Who is regulator of micro finance in India?
who is the regulator of micro finance in india
Distinguish with examples behavioral finance micro from behavioral finance micro?
cool
When was Octopus Micro Finance Suite created?
Octopus Micro Finance Suite was created in 2005.
Difference between micro finance and macrofinance?
As we can understand by the name micro finance is the study of individual on the other hand macro finance is the study of whole group.
What are the functions of micro finance?
free
What is the difference between the commercial banks and micro finance banks?
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
What is the full form of mfi?
Micro Finance Institution
What can you do to reduce poverty?
Vote Democrat!
How does a government reduce poverty?
idkr
What are the problems faced by micro finance credit in Uganda?
what are the mn factors that can be affected to the low rate of loan recovery in micro finance sector
Which organisation is given the status of micro finance regulatory authority?
Sidbi
