microfinance and entrepreneurship

Microfinance refers to the provision of financial services, such as small loans and savings accounts, to low-income individuals who lack access to traditional banking services. Entrepreneurship, on the other hand, refers to the ability and willingness to start and manage a business venture, often involving innovation and risk-taking. When combined, microfinance and entrepreneurship promote economic empowerment by providing small-scale entrepreneurs with the financial resources and support necessary to establish and expand their businesses, ultimately helping to alleviate poverty and create sustainable livelihoods.

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