8/30/2023 0 Comments De vere copy stand![]() MFIs are well-positioned to provide these borrowers with the knowledge, resources, and capital to improve their lives and the lives of their families. Microfinance borrowers are often self-employed, low-income entrepreneurs or smallholder farmers who lack collateral, steady employment, and a verifiable credit history. The FSPs in our portfolio provide financial services-primarily in the form of microloans, savings accounts, and insurance-to people who are excluded from formal financial systems across the developing world. ![]() Although the provision of microcredit alone will not alleviate poverty, it is a critical and powerful mechanism that helps people build assets, manage risks and unpredictable income, and gain the freedom to decide how to make and spend money. Nearly two billion people in the world, especially women and families in rural areas, lack access to formal financial services and consequently must contend with financial insecurity on a daily basis. ![]() Click below to learn more! Why Financial Service Providers?
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