Microfinance Institutions

Microfinance Institutions (MFIs) are specialized organizations that provide small loans, savings accounts, and financial services to individuals and small businesses who lack access to traditional banking. They aim to promote financial inclusion by supporting entrepreneurs, especially in developing areas, helping them start or expand businesses, improve income, and reduce poverty. MFIs often tailor their services to low-income clients, offering flexible terms and personalized support. By doing so, they foster economic growth and empower underserved communities to achieve financial independence.