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MICROFINANCEEnglish III

Microfinance

Banking Service

It is provided to unemployed or low-income individuals

Groups receive loans for their economic activity

The Interest rates are generally lower than those offered

by normal banks

World Bank estimates that there are more than 500 million people who have directly or indirectly benefited from microfinance-related

operations

Microcredit operations have existed since the mid 1700s

Microfinance loans are for short periods that are repaid quickly

MICROFINANCE

ANGELINA JOLIE

ANGELINA JOLIE

ANGELINA JOLIE

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