Microfinance is the process in which small loans are given to entrepreneurial individuals in developing countries in order to develop income which will benefit the individual as well as the local village through poverty reduction.

Question

Quizplus · Accepted Answer

Microfinance is indeed a process in which small loans are given to entrepreneurial individuals in developing countries with the aim of developing income and reducing poverty in the local community.

Microfinance Is the Process in Which Small Loans Are Given