Microfinance

Microfinance is a term used to describecategory of financial services, services—such as loans, savings, insurancecredit, insurance, payment systems, and fund transferssavings and checking accounts—provided to entrepreneurs, small businesses andlow-income individuals or groups who lack access toare typically excluded from traditional banking services.banking.

Cashcash transfers

Further reading

Wykstra, Stephanie (2019) Microcredit was a hugely hyped solution to global poverty. What happened?, Vox, January 15.

Cash Transferstransfers

Microfinance is a term used to describe financial services, such as loans, savings, insurance and fund transfers to entrepreneurs, small businesses and individuals who lack access to traditional banking services.

Related entries

Cash Transfers