Microfinance
Microfinance provides small loans (typically under $1,000) to poor entrepreneurs unable to access traditional banks. Includes savings accounts, insurance, and business advice.
Real World
Bangladesh's Grameen Bank, founded by Muhammad Yunus, has issued over $30 billion in microloans since 1983, primarily to women, helping millions start small businesses and lifting households out of extreme poverty.
Exam Focus
Evaluate microfinance by referencing evidence: cite studies showing mixed long-term income impacts to demonstrate critical analysis rather than uncritical praise.
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