Introduction

Paola Leone and Pasqualina Porretta

Chapter 1 in Microcredit Guarantee Funds in the Mediterranean, 2014, pp 1-21 from Palgrave Macmillan

Abstract: Abstract There is no internationally accepted definition of microfinance; however, the term is used to indicate a range of financial services/products (of small amounts) offered to low-income/non-bankable customers and micro-enterprises. Microfinance covers a wide range of financial services that include savings, credit, insurance and remittance. Microfinance targets those people who are denied credit by formal financial and banking institutions because of lack of knowledge as well as formal rules which they have to follow to get a credit from these institutions.

Keywords: Financial Service; Credit Risk; Financial Intermediary; Supervisory Authority; Microfinance Institution (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-1-137-45299-3_1

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DOI: 10.1057/9781137452993_1

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