Microfinance: An introduction
Mrs. Rajalakshmi displays loan cards issued to borrowers enrolled in Mahasemam Trust’s Microfinance Loan Program. Chennai, India. Over the last few decades, microfinance, or microcredit, has become a popular mechanism for economic development and poverty reduction. Microcredit can be defined as “programmes that extend small loans to very poor people for self-employment projects that generate income, allowing […]