Below please find a definition of “Micro-finance”
Defined Term – Micro-finance: The concept of micro-financing has been in existence since mid 1700. A banking service that is made available to low-income people with an intent towards making them self sufficient is termed as micro-financing. With this kind of service the low-income people have an opportunity to borrow and save money in the process. Gramin Bank in Bangladesh is very well-known for its micro-financing operations.
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