which of the following groups of people does microfinancing help the most
Answers
Answer:
- Microfinance services are provided to unemployed or low-income individuals because most of those trapped in poverty, or who have limited financial resources, do not have enough income to do business with traditional financial institutions.
To many people, microfinance means providing small loans (microcredit) to very poor families to help them engage in productive activities or nurture their tiny businesses. ... Traditionally, microfinance has focused on providing a very standardized credit product.
Microfinance is a banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services. Microfinance allows people to take on reasonable small business loans safely, and in a manner that is consistent with ethical lending practices.
Microfinance is the extension of small loans to the very poor, in combination with other financial services, such as savings accounts, training, health services, networking, and peer support. ... In this way, microfinance allows families to work to end their own poverty – with dignity.
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