State the different products and services offered under microfinance
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Answer:
Explanation:
Service are:
GROUP LOANS.
INDIVIDUAL BUSINESS LOANS.
AGRICULTURE LOANS.
INSURANCE.
MONEY TRANSFER.
ENERGY LOANS.
SAVING ACCOUNT.
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Answer:
Explanation:
Microfinance is defined as, financial services such as savings accounts, insurance funds and credit provided to poor and low income clients so as to help them increase their income, thereby improving their standard of living. In this context the main features of microfinance are: Loan given without security.
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