: financial services especially in the form of microloans provided to impoverished individuals and groups in poor and developing regions
Muhammad Yunus starts lending money to the rural poor in Bangladesh. His Grameen Bank kicks off a worldwide movement in microfinance as lenders start to see poor people, especially women, not as bad credit risks but as profitable customers. Barbara Kiviat
Example Sentences
Recent Examples on the WebThe task White’s catalytic philanthropy tackled was one of nudging the market into action. Scaling up Water.org nudged the market by extending its philanthropy to microfinance lenders. Mark Davis, kansascity.com, 19 May 2017 The actress and humanitarian also described a microfinance movement called Myna Mahila Foundation, where women manufacture sanitary pads to sell in communities. Lauren Le Vine, vanityfair.com, 8 Mar. 2017 These institutions continue to buttress their flawed systems of microfinance while colluding with governments to restrict any development of sovereign purchasing power. Letter Writers, Twin Cities, 12 Mar. 2017