About this document
Understanding Microfinance Benefits by 230128 is a document available to read on EtoBox.
Microfinance provides small loans, called microloans, to poor people, mostly women, to start or expand small businesses. Unlike commercial loans, microloans require no collateral and are repaid within six months to a year, after which the funds are loaned to other borrowers. Microfinance clients have very high repayment rates of 95-98% and use the profits to improve their families
- Author
- 230128
- Language
- EN