concepts
financing
international finance
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]
microfinance
social entrepreneurship