Meaning of the word microfinance in English
What does microfinance mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
microfinance
US /ˈmaɪ.kroʊˌfaɪ.næns/
UK /ˈmaɪ.kroʊˌfaɪ.næns/
Noun
1.
a type of financial service that provides small loans, savings, and other financial products to low-income individuals or groups who typically lack access to traditional banking services
Example:
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Microfinance has helped many entrepreneurs in developing countries.
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The organization specializes in providing microfinance services.
Synonym:
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