Microfinance is a collection of banking practices built around providing small loans, most of them without
collaterals and leading to weekly repayments, accept tiny savings deposits, and offering slight insurance contracts.
These activities are mostly dedicated to the poorest part of the population, helping women, and poor households in
developing a business activity. The initial objective of microfinance aims to help the poor countries to develop, and
to reduce poverty, both in poor and rich co