Microfinance

kivaloans

 

Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services.  Microfinance is also the idea that low-income individuals are capable of lifting themselves out of poverty if given access to financial services. While some studies indicate that microfinance can play a role in the battle against poverty, it is also recognized that is not always the appropriate method, and that it should never be seen as the only tool for ending poverty.

 

see microcredit

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