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Development Economics - Does Microfinance Encourage Development?

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 6 Mar 2023

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Microfinance refers to the provision of financial services, such as loans, savings, and insurance, to individuals and small businesses who are typically excluded from traditional banking services – sometimes known as the “unbankable”. This video looks at some of the benefits and limitations of micro-finance.

Development Economics - Does Microfinance Encourage Development?
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