2. What is microfinance?
Microfinance is the full range of financial services to poor people. Like anyone else, people living in poverty need financial services to run a business, to create reserves for unexpected expenses and shield themselves against risks. Apart from loans, microfinance also comprises savings, micro-insurance, micro-lease and money transfer services.
About Microfinance
- 1. What is a micro credit?
- 2. What is microfinance?
- 3. Why do poor people not go to a traditional bank?
- 4. What is a Micro Finance Institution (MFI)?
- 5. How high are repayment rates?
- 6. Why is some 75% of the clients female?
- 7. Can poor people save?
- 8. Why do MFIs charge high interest rates?
- 9. Does microfinance reach the poorest people?
- 10. How do poor people benefit from microfinance?
- 11. Is microcredit thé magic cure against poverty?