1) Economic development
Found on
https://www.crosswordclues.com/clue/microfinance
Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery of financial services to such clients are: (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepr...
Found on
http://en.wikipedia.org/wiki/Microfinance
Refers to institutions that specialize in making very small loans to very poor persons in developing countries. Instead of using collateral to assure repayment, these lenders harness social pressure within the borrower's community. Originally done on a nonprofit basis, it is now being done increasingly by for-profit companies.
Found on
http://www-personal.umich.edu/~alandear/glossary/m.html
No exact match found.
