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What is microbanking or microfinance? What is their role in providing banking services to marginalised sections of society.
micro banking
Small banks tend to individuals simpletons
Statistics for funded projects and to raise the level of the working class
Not looking to profit as much as provide humanitarian work
Spread in several countries and has achieved major successes and renaissance
This is one of the popular banking in last couple of years to make the financial services reach to all the sector of society, in short to avoid the old landlord and marwari system of lending against land.
A source of financial services for entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery of financial services to such clients are: (1) relationship-based banking for individual entrepreneurs and small businesses.
Small banks or banks popularity that will make up the money for all sectors of society, a place of Mikabl Exchange
In a very brief wording, Micro - Banking or Micro - Finance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services. The two main mechanisms for the delivery of financial services to such clients are:
1- Relationship-based banking for individual entrepreneurs and small businesses.
2- Group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
