Microfinance
Definition of Microfinance Hierarchical Category as it relates to Finance
Microfinance refers to a sector within finance that provides financial services such as loans, savings, insurance, and fund transfers to entrepreneurs, small businesses, and individuals who lack access to traditional banking services. It primarily focuses on aiding economically disadvantaged or low-income individuals and groups, promoting economic development and self-sustainability.
Child Hierarchical Categories
Accounting
Asset Management
Banking
Business Loans
Credit Management
Crowdfunding
Financial Advisory
Financial Analysis
Financial Management
Financial Planning
Financial Services
Financial Technology
Insurance
Investment
Microcredit
Mutual Funds
Peer-to-Peer Lending
Risk Management
Venture Capital
Wealth Management