microfinance channel

Definition

Banking and other financial services provided to low-income groups who would normally be excluded from working through more standard financial institutions due to the small values involved. A microfinance channel may provide for the safeguarding of small-value accounts, or the execution of transactions which would normally cost in finance charges more than the value of the transaction.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
microfinance microfinance institution