What is another word for microfinance?
Pronunciation: [mˌa͡ɪkɹə͡ʊfa͡ɪnˈans] (IPA) 
Microfinance is a term that refers to financial services provided to low-income individuals and small businesses who do not have access to traditional banking services. The concept of microfinance has gained traction in the past few decades as a means of alleviating poverty and promoting economic growth in developing countries. There are several synonyms for the term microfinance, including microcredit, microenterprise finance, and micro-lending. These terms all refer to the same basic concept of providing small loans to help individuals and businesses improve their financial situations. Other related terms include community banking, inclusive finance, and poverty alleviation finance. Regardless of the specific terminology used, the goal of microfinance is to provide individuals and businesses with the tools and resources they need to achieve financial stability and success.
