What does microfinance mean?

Microfinance Definition: Microfinance refers to all banking services that offer financial options to low-income people or unemployed people. Microfinance institutions can offer savings plans, loans, and insurance policies. Microfinance Gateway adds to the microfinance definition:

What is BRAC Microfinance?

BRAC: As one of the top microfinance insitutions, BRAC offers microfinance for women, small enterprise finance, migration loans, agricultural microfinance, research and development, and financial education in seven different countries.

What is a good microfinancing institution?

Popular microfinancing institutions include Accion, GE Consumer Finance, Citi Inclusive Finance, Kiva and BRAC. When you speak to lenders and are granted a small loan, you can also expect assistance setting up and maintaining a savings account. A good lender will equip you with the tools to pay back the loan.