Microfinance

(redirected from Microfinance institution)
Also found in: Acronyms, Encyclopedia.

Microfinance

Any mode of finance designed to provide low-income individuals with the means to become self-sufficient.  Microfinance institutions issue small loans to those marginalized from normal modes of finance with the intention of helping the poor prosper by allowing them to save or borrow money. See: Microcredit
Mentioned in ?
References in periodicals archive ?
The KF having over 350,000 women clients, is the first microfinance institution to be certified 'Smart Campaign' and recipient of the prestigious European 'Microfinance and Access to Education' prize in 2016.
Despite being uneducated, they have better sense of business and on the strength of training they get from the microfinance institution they stand out among their group.
0 million in PRASAC (Cambodia) a microfinance institution, in line with its strategy of advancing social, environmental and economic development by providing capital to banks, the company said.
Lending by microfinance institutions rose 55 percent in the third quarter of this year compared to the same period last year, from 7.
When the licence is issued, it will become the third microfinance institution in the country to become a bank, which will allow it to start accepting deposits and so diversify its funding base.
The AlHuda Center of Islamic Banking and Economics (CIBE) has also established a crowdfunding system which is available to integrate with any Islamic Microfinance institution.
The IFC estimated that by 2012 there were over 30 greenfield microfinance institutions in Africa seeking to expand financial inclusion.
As lenders we are not looking for an investment where the microfinance institution is growing really fast.
The MicroBuild India Fund will invest in reputable, local microfinance institutions which, in turn, will allow them to offer affordable home improvement loans to low-income families.
3 million borrowers, SKS Microfinance is India's largest microfinance institution that is going public for the first time in microfinance segment.
Summary: for the First Microfinance Institution (FMFI) Syria, part of the Aga Khan Agency for Microfinance (AKAM), to help improve the lives of 2,700 underprivileged Syrians through credit, deposits and other financial services.