What is microfinance?

What is microfinance? Here are some definitions.

Noun
  1. (finance) Finance that is provided to unemployed or low-income people or groups
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Examples
Lafayette Microfinance Bank Ltd, also known as Advans Nigeria, is part of the Advans Network of microfinance institutions.
The gender neutrality of microfinance discourses, we suggest, both reflects and contributes to the masking of the gendered dimensions of poverty in Australia.
Then it was on to Rwanda, where she helped found a microfinance institution that serves women.
Global microfinance bank FINCA has opened a booth in Hasan Abdal in Pakistan in a reflection of its expanding footprint in the country.
Our nonprofit institute is developing a microfinance model in which the microbank makes an equity investment and shares in the profit or loss of the microbusiness.
We now have a network of more than 25 microfinance institutions tapping into commercial capital markets to fund loan portfolios.

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