Have you been lead to believe these common misconceptions? Microcredit and microfinance more broadly have become widely misunderstood. They didn't live up to the promises of becoming the "silver bullets" of eradicating poverty - but what has? This disappointment gave microfinance a bad name. Predatory lenders and a lack of regulation in underbanked [...]
What is Microfinance? Microfinance is a financial service that is specifically designed to meet the needs of low-income individuals and entrepreneurs who lack access to traditional banking services. It provides small loans, savings, insurance, and other financial products to help these individuals start or grow their own businesses, support their families, and improve their [...]
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