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MICROFINANCE Literature Reviewed on work by Join Wren for Tracie, 2005What Is Microfinance? Microfinance, according to Otero (1999, p.8) is the provision of financial services to low income poor and

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What is micro-finance?

Micro-finance refers to the provision of financial services, such as loans, savings, and insurance, to low-income or disadvantaged individuals or small businesses who do not have access to traditional banking services.

Who is required to file micro-finance?

The specific requirements for filing micro-finance may vary by jurisdiction. Generally, micro-finance institutions and organizations that provide micro-finance services are required to file micro-finance reports.

How to fill out micro-finance?

The process of filling out micro-finance reports may vary by jurisdiction. Generally, it involves providing financial information, such as income, expenses, and loan portfolio details, as well as compliance with regulatory requirements and guidelines.

What is the purpose of micro-finance?

The purpose of micro-finance is to support and empower low-income individuals and small businesses by providing them with access to financial services, helping them build assets, improve livelihoods, and alleviate poverty.

What information must be reported on micro-finance?

The specific information to be reported on micro-finance may vary by jurisdiction. Generally, it includes financial data such as loan disbursements, repayments, interest rates, defaults, operational costs, and client demographics.

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