An introduction to micro finance

Microfinance has developed into a global industry, impacting up to 200 million clients. From simply funding loans, initiatives now include insurance, savings, education and healthcare. Microfinance is now about much more than just microcredit. Image Credit Who benefits from microfinance? Being excluded from the world’s financial systems is a marker of poverty. Two years ago, 1.7 billion adults in the world’s emerging markets lacked a bank account. Most of these were women. When people have access to financial products and capital markets, escaping poverty becomes a real possibility. Microfinance, a…

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