Meaning of “microfinance institution” in the English Dictionary


"microfinance institution" in Business English

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microfinance institutionnoun [ C ]

uk us abbreviation MFI ECONOMICS, FINANCE

an organization that provides microfinance, usually in developing countries:

Krishna is CEO at a microfinance institution in Bangalore that makes loans to poor women.

(Definition of “microfinance institution” from the Cambridge Business English Dictionary © Cambridge University Press)