Definition of "microfinance" []

• Finance that is provided to unemployed or low-income people or groups (noun)

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• "The reason some of the poorest countries in the world need microfinance is because deep-rooted institutional problems make the general financial sector unworkable."
• "First, traditional and straightforward microfinance is not going to work the same way in every circumstance."
• ""We therefore welcome any steps that will prevent any unethical practices in microfinance by rogue MFIs," said Mr. Akula referring to microfinance institutions that are in the business just to make money even if it hurts the poor."