concepts
type: Collection
type: ConceptGroup
member: microfinance

financing
type: Concept
narrower: microfinance

international finance
type: Concept
narrower: microfinance

microfinance
type: Concept
broader: social entrepreneurship
broader: international finance
broader: financing
definition: Microfinance is the collective term used to describe the process of providing funding to poor people who have no access to traditional finance institutions, such as credit unions and banks. Microfinance was championed by Muhammad Yunus with his revolutionary experiment in the early 1970s of providing finance to poor people, initially only women in Bangladesh. [Source: Encyclopedia of New Venture Management; Microfinance]

social entrepreneurship
type: Concept
narrower: microfinance