Defining microfinance

Here I wish to engage in an ongoing debate on defining microfinance. Particpate, anyone who wish! It is easier to follow the discussion if we number our different definitions.

My initial definition is this

(1) Microfinance is financial services targeted towards poor people. Microfinance can be subsidized or unsubsidized.

The advatages of this definition is that it is broad, but at the same time distinguishes microfinance from ordinary financial services.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: