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English definition of “microfinance”

microfinance

noun [U]
 
 
/ˈmaɪkrəʊˌfaɪnæns/ ECONOMICS, FINANCE
the activity or business of providing financial services, such as small loans, to poor people or new businesses that cannot use traditional banking services, usually in developing countries: Microfinance has been very effective in Guatemala.
(Definition of microfinance from the Cambridge Business English Dictionary © Cambridge University Press)
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