Business

Microfinance has been instrumental in empowering women entrepreneurs in developing countries. Women entrepreneurs often face challenges in accessing finance due to cultural and traditional barriers. Microfinance institutions provide loans and other financial services to women entrepreneurs, which enables them to start and grow their businesses. Key Takeaways

Microfinance is playing major roles in reducing poverty in developing countries by providing access to finance to low-income individuals and small businesses. Microfinance institutions provide loans to small businesses that would otherwise not have access to finance, which creates job opportunities and contributes to the growth of the economy. Microfinance institutions also provide financial education