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microfinance

 
 
/ˈmaɪkrəʊˌfaɪnæns/ noun [U] ECONOMICS, FINANCE

Definition

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 noun from the Cambridge Business English Dictionary © Cambridge University Press)

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