______ is a term used to describe financial services-including loans,insurance,and savings-to people considered ineligible to receive traditional banking services.

Question

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Microfinance is a type of financial service that provides loans, insurance, and savings to individuals who are not eligible for traditional banking services. This may include low-income or disadvantaged individuals, small business owners, and those living in rural or remote communities. Microfinance institutions aim to provide access to financial services, promote financial inclusion, and reduce poverty by supporting entrepreneurship and economic development. Hardship services, philanthropic banking, and socially conscious lending are not specifically targeted towards providing alternative financial services to underserved individuals and communities.

______ Is a Term Used to Describe Financial Services-Including Loans,insurance,and