Income was used as a proxy of the economic well-being of clients.Chi-square test was also run to further verify the association between beneficiaries’ income levels and microloans.Microfinance products The financial products of most microfinance companies can be categorised into three. The deposits may include micro-savings and special-savings; the categories of loan may include micro SME loans, personal loans, emergency loan, and micro loans, among others.Tags: Discrimination Race EssaysBoston University Essay Prompt 2014Cover Letter For Entertainment IndustryOrganic Chemistry Research PaperEssay On Rationalism ReligionThis Is England Belonging Essay
Microfinance institutions seek to tailor their financial services to adequately meet the needs of their clients; and to become a strong force to reckon with in the financial industry.
Like any other group of organisations that is well-organised and focused, microfinance institutions have a mission.
Microfinance can promote higher investment leading to economic empowerment, which in turn promotes confidence and self-esteem, particularly for the vulnerable.