Mikrofinanz
Mikrofinanz, also known as microfinance, refers to the provision of financial services to low-income individuals and small businesses who typically lack access to traditional banking systems. These services can include small loans, savings accounts, insurance, and money transfers. The primary goal of microfinance is to empower impoverished individuals, particularly women, by providing them with the capital and tools to start or expand small businesses, thereby generating income and improving their living standards.
The concept gained significant traction in the late 20th century, with the Grameen Bank in Bangladesh, founded
While microfinance has been lauded for its poverty-alleviating potential, it has also faced criticism. Concerns have