What is the difference between microfinance and microcredit?

1 year ago
Microfinance

Getting a loan from a bank can be extremely difficult for someone with little cash income. Microcredit is a loan to the microentrepreneur by an MFI (microfinance institution). Microcredit is one component of microfinance.  Other growing services include microsavings, microinsurance, and financial training programs offered by a number of MFIs.

Rajiv Shah
Jan 12, 2022

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