You Should Know About Microfinance Service
The Microfinance sector is now getting noticeable growth after slow start. As on today, there are more than 10,000 microfinance farms existed. In this present year, 2019 - the Global Microfinance capital is expected to reach $192 billion. Among the Worlds microfinance borrowers, South Asia claims 60% of the total. There are more than 83 million borrower lives in here. Introduction of Microfinance: Microfinance is the provision of financial services to low-income clients or solidarity lending groups including consumers and the self-employed, who traditionally lack access to banking and related services. Generally it is knows as a mini banking services. It covers a wide range of services like credit, savings, insurance, remittance and also non-financial services like training, counselling etc. Features of Microfinance: Create Loan Scheme Loan Master Loan Product Details Member master Member Entry Payment Entry Release Loan Amount Define Interest Rate Interest Rate Calculator Payment His