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microfinance

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noun [uncountable] economics microfinance pronunciation in American English /ˈmaɪkroʊˌfaɪnæns/
  1. loans and other financial services for people who are poor, and who cannot normally get these services from banks

    By supporting women's economic participation, microfinance helps to empower women.

    The majority of banks do not provide microfinance products as microfinance is an expensive enterprise.

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