0 the activity or business of providing financial services to poor people or new businesses in poor countries: --
Since 1976, microfinance programs have sprung up in developing nations around the world.
1 the activity or business of providing financial services, such as small loans, to poor people or new businesses that cannot use traditional banking services, usually in developing countries: --
Microfinance has been very effective in Guatemala.
However, microfinance is not a magic solution to the problem of poverty in the developing world.
We believe that microfinance—savings and credit—can be a powerful tool to support the livelihoods of large numbers of poor people in developing countries.
The microfinance providers who are closest to the target beneficiaries will provide information on the availability of micro-loans.
I have voted in favour of the resolution to introduce the microfinance facility, because for me, the top priority is to adopt this resolution quickly.
Thus, there is no other way but to find additional funds for microfinance facilities.
Many new business start-ups fail, in particular, in the microfinance sector, and so this must be accounted for within the programme.
We are constantly expanding its support for microfinance institutions targeting some of the world's poorest communities who have no access to formal financial services.
Bangladeshi individuals and organisations have managed to achieve global renown with innovative strategies in the arena of development and poverty alleviation, for instance, with microfinance and adult education.
