What is Microfinance?
Microfinance refers to small-scale financial services, such as loans, savings, and insurance, offered to low-income individuals or small entrepreneurs who do not have access to traditional banking. These loans are often used for activities like starting a small business, investing in agriculture, or meeting essential family needs.

Why Microfinance Matters?

1. Financial Inclusion – Microfinance bridges the gap between banks and the unbanked population, ensuring everyone has access to credit.

2. Women Empowerment – A significant portion of microfinance loans are provided to women, helping them start businesses, support families, and gain social independence.

3. Community Growth – When individuals grow financially, it boosts the local economy and creates opportunities for others as well.

4. Poverty Reduction – By enabling self-employment, microfinance reduces dependency on moneylenders and helps families break the cycle of poverty.

Benefits for Borrowers

• Easy access to small loans with minimal paperwork

• Flexible repayment schedules

• Opportunity to save and build credit history

• Support for education, healthcare, and entrepreneurship