Microfinance can be defined as financial services for low-income clients, provided by microfinance institutions (MFIs), to help finance their income-producing activities, save money, stabilize consumption, and protect against life’s risks.
The MFIs generally use methods tried, tested and developed over the last 30 years to deliver very small loans to borrowers who frequently have no collateral. Microfinance does not only provides micro credits to low-income earning individuals but makes various financial services available, such as insurances, savings products, housing credits, money transfers, etc.
Microfinance vision
By and large, microfinance is part of a movement that envisions a world in which low-income households have permanent access to a range of high quality financial services. Microfinance is not charity. It is about giving to vulnerable and economically excluded people a boost needed to regain dignity and autonomy.
Microfinance basics
- What is a micro-entrepreneur?
- What is a microfinance institution?
- Who are the microfinance actors?
- Witnesses: micro-entrepreneur, credit agent and MFI
- French-English bilingual microfinance glossary
Ask for a presentation with an ADA expert
In the frame of awareness raising activities, ADA uses to explain microfinance to different audience, on the occasion of conferences, forums, or internal events organised by private companies. Ask for a presentation by using the contact form, or by phoning ADA Information Center: (+352) 45.68.68-1.
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