You may have heard of microfinance, but what it actually is and what the popular perception of what it is are often two different things. Microfinance began in 1974 when Muhammad Yunus started Grameen ...

economic opportunities for the poor. It is recognised as an important tool in the alleviation of poverty, so much that the United Nations has declared 2005 as the 'International Year of Microcredit'.

Exclusion from the financial system is widely regarded as a major obstacle to people’s efforts to grow out of poverty. In 2017, 1.7 billion adults across the globe had no access to a bank account, ...

Opinions expressed by Entrepreneur contributors are their own. The appeal of microfinance is simple: Give a budding entrepreneur in a developing country a “hand up” to the middle class with a small ...

Microfinance is the delivery of financial services in small amounts – mainly loans but increasingly savings and insurance – to entrepreneurs who typically do not have access to mainstream or ...

Those are some of the findings from research conducted for the 2021-2022 60 Decibels Microfinance Index, aimed at assessing the effectiveness of microfinance practices—by talking to customers. Based ...

There is a market for microfinance in the United States but a change in regulatory framework is needed for the sector to thrive. Women sell items at a Grameen America open house at St. John’s ...

Microlending was one of the biggest parties in finance in recent years—an era of many parties. A new report out from the Centre for the Study of Financial Innovation (CSFI) details how things have ...

When the Nobel Peace Prize was awarded to Bangladeshi economist Muhammad Yunus in 2006 for his concept of microfinance, it brought what began as a local policy experiment in the 1970s to global ...

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