The dictionary meaning of Micro-finance is “a provision of financial services to micro-entrepreneurs and small businesses that lack access to banking and related services due to the high transaction costs associated with serving these client categories”.
It depends on two main mechanisms for the purpose of delivery of financial services to clients:
>>relationship-based banking for individual entrepreneurs and small businesses
>> group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
The dictionary meaning of Micro-finance is “a provision of financial services to micro-entrepreneurs and small businesses that lack access to banking and related services due to the high transaction costs associated with serving these client categories”.
It depends on two main mechanisms for the purpose of delivery of financial services to clients:
>>relationship-based banking for individual entrepreneurs and small businesses
>> group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
The dictionary meaning of Micro-finance is “a provision of financial services to micro-entrepreneurs and small businesses that lack access to banking and related services due to the high transaction costs associated with serving these client categories”.
It depends on two main mechanisms for the purpose of delivery of financial services to clients:
>>relationship-based banking for individual entrepreneurs and small businesses
>> group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
eAnswers Team
The dictionary meaning of Micro-finance is “a provision of financial services to micro-entrepreneurs and small businesses that lack access to banking and related services due to the high transaction costs associated with serving these client categories”.
It depends on two main mechanisms for the purpose of delivery of financial services to clients:
>>relationship-based banking for individual entrepreneurs and small businesses
>> group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
eAnswers Team
The dictionary meaning of Micro-finance is “a provision of financial services to micro-entrepreneurs and small businesses that lack access to banking and related services due to the high transaction costs associated with serving these client categories”.
It depends on two main mechanisms for the purpose of delivery of financial services to clients:
>>relationship-based banking for individual entrepreneurs and small businesses
>> group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
eAnswers Team
The dictionary meaning of Micro-finance is “a provision of financial services to micro-entrepreneurs and small businesses that lack access to banking and related services due to the high transaction costs associated with serving these client categories”.
It depends on two main mechanisms for the purpose of delivery of financial services to clients:
>>relationship-based banking for individual entrepreneurs and small businesses
>> group-based models, where several entrepreneurs come together to apply for loans and other services as a group.