Important ideas about micro finance_2
December 7th, 2011
Micro finance is often referred to as financial services to poor and low income offered by different service providers. The typical micro finance clients are poor and low income groups who have no access to formal financial institutions. Diversity of micro is small shops, street vendors, artisans, and the provision of services. More generally refers to micro finance movement, envisions a world where low-income permanent access to a range of high quality and affordable financial services offered by a variety of retail suppliers to finance income-generating activities, building assets, stabilize consumption and protect the risk. These services are savings, credit, insurance, money transfers and payments, and others.
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