Microfinance Market Trends and Forecast 2016-2020: Albaraka, Access Bank, ICICI Bank, ASA International, Banco Do Nordeste, Bandhan Financial Services
Microfinancing is a type of banking service that is provided to low-income individuals or the unemployed or groups of people that do not have any means to obtain any financial services. The goal of microfinance companies is to provide an opportunity for low-income borrowers to become self-sufficient through saving and borrowing money and providing microinsurance. Microfinance institutions charge interests on loans for their lenders like conventional banking operations. However, these interest rates are lower than those offered by normal banks....
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