Solvency - Credit Repair & Finance Html Template

Baba Micro Finance

    A microfinance loan is a small loan given to individuals or small businesses who typically do not have access to traditional banking services. These loans are part of a broader system known as microfinance, which includes savings, insurance, and financial training.

    Key features of microfinance loans:

    • Small loan amounts – usually from a few dollars up to a few thousand.

    • Targeted at low-income individuals or small entrepreneurs, especially in developing countries.

    • Often used to start or expand small businesses, such as farming, tailoring, shopkeeping, or street vending.

    • May be provided without collateral.

    • Often includes group lending, where small groups guarantee each other's loans.

    • Accompanied by financial literacy or business training in many cases.