microfinancing
Tiny loans, big impact
Microfinancing is the provision of small loans and other financial services to people who lack access to traditional banking—typically impoverished entrepreneurs in developing countries.
The loans are often modest by Western standards but sufficient to start small businesses: Microfinancing helped her buy a sewing machine and launch a tailoring business.
Also called microfinance or microlending.
Those receiving loans
- creditworthinessAbility to repay debts
- kivaPueblo ceremonial chamber
- disbursementDistribution of funds
- installmentsPeriodic partial payments
Without bank accounts
- underbankedLacking full financial services
- remittancesPayments sent abroad
- cash-flowMoney in and out
- vulnerabilityOpenness to harm
Very small-scale commercial venture
- self-employmentWorking for yourself
- livelihoodMeans of earning income
- artisanSkilled manual tradesperson
- handicraftsManually created decorative objects
cooperative · self-sufficiency · scalability · inventory · supplier
Gaining authority or confidence
- outcomesFinal results achieved
- beneficiariesThose who receive advantages
- upliftmentAct of raising up
- transformationThorough change in form
opportunity · agency · autonomy · advancement · ESG
Common people as political base
- collectiveJointly organized group
- bottom-upStarting from fundamentals
- participatoryInvolving active contribution
- outreachProactive community assistance
borrowers
Those receiving loans
- creditworthinessAbility to repay debts
- kivaPueblo ceremonial chamber
- disbursementDistribution of funds
unbanked
Without bank accounts
- underbankedLacking full financial services
- remittancesPayments sent abroad
- cash-flowMoney in and out
microenterprise
Very small-scale commercial venture
- self-employmentWorking for yourself
- livelihoodMeans of earning income
- artisanSkilled manual tradesperson
handicrafts · cooperative · self-sufficiency · scalability · inventory · supplier
empowerment
Gaining authority or confidence
- outcomesFinal results achieved
- beneficiariesThose who receive advantages
- upliftmentAct of raising up
transformation · opportunity · agency · autonomy · advancement · ESG
grassroots
Common people as political base
- collectiveJointly organized group
- bottom-upStarting from fundamentals
- participatoryInvolving active contribution
- fundingfunding, grant, loan, grants, venture capital
microfinancingcorporate banking
Finance for large enterprises
investment banking · private equity · venture capital · commercial banking
finance, financial, financing, financier, microcredit, microfinance, microloans, microloan, microlending