mikrokirjastettua

Mikrokirjastettua is a Finnish term that translates to "micro-borrowed" or "micro-lending." It refers to the practice of lending very small amounts of money, typically to individuals or small businesses that have limited access to traditional banking services. These loans are often provided by specialized microfinance institutions, non-governmental organizations, or even through peer-to-peer lending platforms.

The primary goal of mikrokirjastettua is to empower individuals, particularly those in developing countries or marginalized communities, to start or expand small businesses, improve their livelihoods, and escape poverty. The loans are usually accompanied by training and support services to help borrowers manage their finances effectively and ensure the success of their ventures.

While the concept is broadly similar to microfinance, the term mikrokirjastettua emphasizes the extremely small scale of the borrowing and lending involved. These loans can range from just a few euros to a few hundred, and they are often repaid in frequent installments. The emphasis is on accessibility and the potential for small, incremental growth. Repayment rates for microloans are often surprisingly high, as borrowers tend to be highly motivated to repay to maintain their access to future funding and build their creditworthiness.