Microfinanza

Microfinanza, or microfinance, refers to providing small-scale financial services—like loans, savings accounts, and insurance—to individuals or small businesses who typically lack access to traditional banking. It aims to promote economic development and financial inclusion, especially in underserved communities, by enabling entrepreneurs and low-income populations to start or expand businesses, improve their living standards, and achieve greater financial stability. Microfinance organizations often use personalized approaches and affordable terms to support those excluded from conventional banking systems, fostering empowerment and sustainable growth at the grassroots level.