What Is Microfinance?
Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services.
The two main mechanisms for the delivery of financial services to such clients are:
(1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
In some regions, for example Southern Africa, microfinance is used to describe the supply of financial services to low-income employees, which is closer to the retail finance model prevalent in mainstream banking.
back Rotary in Ireland serving international causes. Working together to reduce poverty, improve education, provide clean water & sanitation and promote peace.
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Cork Bishopstown Rotary Club meet every two weeks on Wednesday evening at 7.00 pm in the River Lee Hotel . For details please email: corkbishopstownrotaryclub@gmail.com
moreThe Cork Bishopstown Rotary Club, located in District 1160 of Rotary Ireland, is an active member of the global Rotary community, dedicated to community service and international goodwill. The club embraces Rotary’s motto "Service Above Self".
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