Banks are a business. They exist for the purpose of making a profit. That is what businesses do.
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.
You can approach a local credit union. You can create a proposal on a micro-lending site like prosper or peer to peer lending site.
CARD Bank Inc.
it is purpose is to provide basic financial services such as loan savings and insirance to underprevileged people
check your answer
The main advantage to micro financing is better loan repayment rates but a disadvantage is that the deal is too small for a lender to devote enough time, money and diligence to it.
Micro
MICRO ftw
its a economics for decision making where we have to be very optimize and implement those situation which will be helpful in profit maximization in our businees effectively and efficiently since the micro economics explains the concepts like demnd,production ,supply analysis,so that it maximises the profit.
Micro finance is a relatively new idea focused to provide financing options to low income individuals. Check out more information here - http://www.microfinancegateway.org/p/site/m/template.rc/1.26.9183/#1
micro finance bank in Nigeria has not been affecting peoples life in the time past due to the hectic and inviability of found to their disposal and government policy that has constrained their activities,and ground it to the background. thanks to the current central bank of Nigeria governor who has greatly revolutionizer's the banking sector through bank consolidation and turning the community banks into micro finance banks. now after the consolidation process and the access to bank loan has been out of reach to the common man in the society who has nothing to give for the big demand of all these banks such ans UBA, FIRST BANK,UNION BANK ETC .though some of all these bank has been fully given the permission to operate as micro finance bank little has been done but the little did should be appreciated and these are providing money to co-operate group(such as cooperative society and age groups) which ordinarily can not obtain loan due to no collateral. these micro finance banks gone up the extent of buying tools,paying for shops and proving business capitals to budding enterprises. all these and many more on stated here are the impact of micro finance bank in Nigeria Kudos to chukwuma C. saludo (central bank governor of Nigeria.)
specialized banksfunction &policis