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social science subjects > business and management > finance > financing > microfinance
social science subjects > business and management > finance > international finance > microfinance
social science subjects > business and management > international business > international finance > microfinance
social science subjects > business and management > entrepreneurship > social entrepreneurship > microfinance
... > social science subjects > business and management > entrepreneurship > new venture management > social entrepreneurship > microfinance

Preferred term

microfinance  

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]

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URI

https://concepts.sagepub.com/social-science/concept/microfinance

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