microfinance schemes
Microfinance schemes are financial services provided to low-income individuals or small businesses who lack access to traditional banking services. These schemes typically include small loans, savings accounts, and insurance services designed to help alleviate poverty and promote economic development in underserved communities. Microfinance institutions often leverage technology and innovative lending models to provide financial inclusion to vulnerable populations.
Requires login.
Related Concepts (1)
Similar Concepts
- cash transfer schemes
- financial empowerment for marginalized communities
- financial empowerment for women
- financial literacy campaigns
- financing mechanisms for water and sanitation projects
- microfinance
- microfinance and entrepreneurship
- microfinance and rural credit facilities
- microfinance programs
- ponzi schemes
- project financing
- reforms in financial sector
- social welfare programmes
- sustainable development finance
- tax evasion schemes