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Development Economics - Does Microfinance Encourage Development?

Level:: A-Level, IB

Board:: AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 6 Mar 2023

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Microfinance refers to the provision of financial services, such as loans, savings, and insurance, to individuals and small businesses who are typically excluded from traditional banking services – sometimes known as the “unbankable”. This video looks at some of the benefits and limitations of micro-finance.