Micro Finance M.com 2nd Sem Notes pdf bu bnu bcu
A relatively new branch of financial services, microfinance aims to promote self-sufficiency and
economic development among people who don’t have access to the traditional financial sector.
• They do this primarily by extending small loans without the strict requirements of traditional lenders.
Bangalore University M.com 2nd Sem Study Material 20
• Recipients are usually the poor and “unbanked,” but they also include people who are not poor but who
lack the credit standing to borrow money to start or grow a business.