WorldAugust 12, 2026
microfinance
MY-kroh-fy-nans
Definition
The provision of financial services, such as small loans or credit, to individuals or small businesses that typically lack access to traditional banking.
Etymology
Derived from the Greek 'mikros' meaning small and the French 'finance' meaning settlement of a debt, the term emerged in the late 20th century to describe specialized banking for the poor.
In the news
The article does not contain the word 'microfinance'; however, in a general context, it refers to the practice of providing small-scale loans to underserved entrepreneurs.
SAT reserves interim relief order in Zee, Punit Goenka-SEBI case
Read the full article ↗The Economic Times