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What are the functions of a microfinance?

In: Insurance, Banking, Economics [Edit categories]

Answer:

There are vaious functions involved in a micro finance.

Microfinance helps people to eradicate poverty by giving them collateral-free loans and other financial services to support income-generating businesses. As each loan is repaid, the money is redistributed as loans to others, thereby mulitiplying its impact

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First answer by ID0996365348. Last edit by ID0996365348. Question popularity: 6 [recommend question].

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