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What is Microfinance about?

Microfinance aims to alleviate poverty by providing financial services to low-income individuals, particularly women, enabling them to manage risks and invest in businesses. While it has shown success in empowering individuals and promoting entrepreneurship, its long-term impact on poverty reduction is mixed, with challenges such as high interest rates and debt sustainability. Future reforms are suggested to enhance its effectiveness, including diversified loan structures, lower interest rates, and improved

Author

aston90370

Language

EN