Microfinance is a way of providing financial services like savings accounts, loans, and insurance to poor people around the world. It is aimed at people who may not qualify for typical financial services because they have limited resources or there are no financial institutions where they live.

By not being able to access financial services that are available to most everyone in more developed countries, these people have little means of improving themselves and their society. The goal of microfinance is to break this cycle of poverty by empowering people who have great ideas, no matter how poor, with the tools and resources to achieve them.

Tags: microfinance, microloans, Poverty, poverty cause