1. Er Abhijeet Jena
    12 years & 1 month ago

    Definition of micro-finance is not clear what has been contrasted in the above article ,the article depicts a form of news being spread about micro finance. Best suitable example of women benefiting from micro finance would be related to Dr Mohammad Yunus’s Micro Credit model which helped people below poverty level to rise up in this developing world . Muhammad Yunus is the founder of the microcredit lender, Grameen Bank, in Bangladesh. Yunus built Grameen upon a self-sustainable model of micro loan lending that targets the Bangladeshi poor (particularly women) so they can acquire the necessary capital to start up small businesses, employ their peers in jobs, and ultimately pay back the loans. When loans are paid back, the money is redistributed out as new loans.Take it simply as micro finance is a model to provide financial service to the poor at a very low service charge rate .