microfinance
International
The provision of financial services (including loans, savings products, insurance and remittance services) to low-income clients who would not otherwise have access to such services. The clients may have limited access to mainstream financial services because of geographical or infrastructure limitations, or their lack of collateral or formal credit history.
Muhammad Yunus is generally credited with launching the modern microfinance movement in the 1970's. Yunus and Grameen Bank (the bank founded by Yunus) were awarded the Nobel Peace Prize in 2006.
For more information, see Practice note, International investment in microfinance: overview (www.practicallaw.com/8-385-9099).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • microfinance — UK US /ˈmaɪkrəʊˌfaɪnæns/ noun [U] ECONOMICS, FINANCE ► the activity or business of providing financial services, such as small loans, to poor people or new businesses that cannot use traditional banking services, usually in developing countries:… …   Financial and business terms

  • microfinance — /mīˈkrō fī nans/ noun The provision of financial services on a small scale to individuals in developing countries ORIGIN: ↑micro (1a) …   Useful english dictionary

  • Microfinance — Community based savings bank in Cambodia. There are a rich variety of financial institutions which serve the poor. Microfinance is the provision of financial services to low income clients or solidarity lending groups including consumers and the… …   Wikipedia

  • Microfinance — Les services de microfinance fournissent un ensemble de produits financiers à tous ceux qui sont exclus du système financier classique ou formel[1]. Ils concernent en général les habitants pauvres des pays en développement. De façon plus générale …   Wikipédia en Français

  • Microfinance — Als Mikrofinanz Institutionen (engl. microfinance institutions) werden Organisationen bezeichnet, die finanzielle Basisdienstleistungen wie Kredite, Sparbücher oder Versicherungen auch Kunden zur Verfügung stellen, die von herkömmlichen Banken… …   Deutsch Wikipedia

  • Microfinance — A type of banking service that is provided to unemployed or low income individuals or groups who would otherwise have no other means of gaining financial services. Ultimately, the goal of microfinance is to give low income people an opportunity… …   Investment dictionary

  • microfinance — UK [maɪkrəʊˈfaɪnæns] / US [ˈmaɪkroʊˌfaɪnæns] noun [uncountable] economics loans and other financial services for people who are poor, and who cannot normally get these services from banks By supporting women s economic participation, microfinance …   English dictionary

  • Microfinance — …   Википедия

  • microfinance — noun Finance that is provided to unemployed or low income people or groups See Also: macrofinance, microcredit, microinsurance, microlending …   Wiktionary

  • microfinance — mi|cro|fi|nance [ˈmaıkrəuˌfaınæns US kroufıˌnæns] n [U] a system that allows people in poor countries to borrow small amounts of money to help them start a small business …   Dictionary of contemporary English

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