The concept of Microfinance

Microfinance is new way to alleviate poverty

Micro credits (Micro-loans) are generally one of the financial innovations that have arisen with the Grameen Bank in Bangladesh, microfinance is to expand the scope of very small loans, and aims to stimulate entrepreneurship among those who suffer from poverty to self-employment and develop their small businesses, to alleviate poverty and improve their status and social and thus improve the status of their families and their children in terms of standard of living on the one hand, and level of access to social services (such as health, education, ...) on the other.

By Rachid AJMAL

N.S: If you like this article ... Please Subscribe to our mailing list.


Leave a Reply