Microfinance And Sustainable Development: A Case Study

by Apoorva Ramaswamy

Introduction

For centuries, Microfinance Institutions, from the European Credit Union movement of the 19th Century to the Microcredit movement propounded by visionaries such as Muhammad Yunus and Al Whittaker, have existed as a means to empower and provide opportunities to low-income communities. The term “Microfinance” in its most commonly understood form means, the provision of regular banking and financial services, such as credit and savings, to low-income communities who may not have been able to avail these services regularly. Continue reading Microfinance And Sustainable Development: A Case Study