Definition of «microfinance institutions»

Microfinance institutions are organizations that provide small loans and other financial services to low-income individuals who typically do not have access to traditional banking services. These institutions aim to promote financial inclusion and support entrepreneurship among disadvantaged communities worldwide.

Sentences with «microfinance institutions»

Borrowers like Ms. Cruz already have loans from microfinance institutions by the time their pictures are posted on Kiva's Web site. (nytimes.com)
Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $ 25 to help create opportunity around the world. (mrhomeinspectorltd.com)
On the microfinance sector, the Governor noted that the regulator is strengthening its licensing requirement to remove unlicensed microfinance institutions from the system. (ghnewsupdate.com)
(see all sentences)