The author posted a question in Business, Finance
How do you understand the word microfinance? and got a better answer
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Response from 0[+++++]
Microfinance is the provision of financial services to low-income people, including those who are self-employed. Financial services usually include loans and savings; however, many microfinance institutions also provide intermediary services, such as self-reliance development or financial literacy training. Microfinance is a flexible form of the classic bank loan, allowing for a smooth start-up without start-up capital or credit history, and it has at least three objectives: to increase the number of entrepreneurs without a legal entity; to increase tax revenues; and to have credit history for further SME development through the banking sector. Microfinance institutions provide services to entrepreneurs that complement those of commercial banks, thereby strengthening the entire financial system. The conditions imposed by commercial banks are often unaffordable for entrepreneurs, especially in terms of loan collateral. Microfinance institutions carry out small financial operations with some benefit and low risk, which are not attractive for commercial banks.
Microfinance is the provision of financial services to low-income people, including those who are self-employed. Financial services usually include loans and savings; however, many microfinance institutions also provide intermediary services, such as self-reliance development or financial literacy training. Microfinance is a flexible form of the classic bank loan, allowing for a smooth start-up without start-up capital or credit history, and it has at least three objectives: to increase the number of entrepreneurs without a legal entity; to increase tax revenues; and to have credit history for further SME development through the banking sector. Microfinance institutions provide services to entrepreneurs that complement those of commercial banks, thereby strengthening the entire financial system. The conditions imposed by commercial banks are often unaffordable for entrepreneurs, especially in terms of loan collateral. Microfinance institutions carry out small financial operations with some benefit and low risk, which are not attractive for commercial banks.
Response from 0[++++]
Loans to Individuals, Private Entrepreneurs
Loans to Individuals, Private Entrepreneurs
Response from 0[+++++]
When they give dough for enterprise development against collateral! Not more than 100 thousand bucks.
When they give dough for enterprise development against collateral! Not more than 100 thousand bucks.
Response from 0[+++++]
The scale of microloans in Russian is defined in relation to the loans granted to enterprises, i.e. for enterprises they are micro, but for a private entrepreneur they are wow
The scale of microloans in Russian is defined in relation to the loans granted to enterprises, i.e. for enterprises they are micro, but for a private entrepreneur they are wow
Response from 0[+++++]
you're not good enough.
you're not good enough.