What is micro credit and how does it differ from microfinance?
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Microfinance means the broad spectrum of financial services such as loans, insurance, savings etc. provided to the people of low-income groups. ... As Microcredit is a financial service provided in microfinance, the terms are used interchangeably by the people.
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Answer:
Microfinance means the broad spectrum of financial services such as loans, insurance, savings etc. provided to the people of low-income groups. ... As Microcredit is a financial service provided in microfinance, the terms are used interchangeably by the people.
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