Microfinance is a type of banking that provides financial services to low income individuals or groups of people who would otherwise have no access to finance.
Microfinance includes the full provision of training and support from microfinance institutions (MFIs). This is usually why repayment rates are so high. Typically, commercial MFIs only provide microcredit. This is the provision of loans (credit) to low income groups of individuals. What sets MicroLoan Foundation apart from commercial MFIs is our commitment to providing training and ongoing support to clients.