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Microfinance Is Defined As A Sector of Formal Andinformal Financial Institutions Providing Micro
Microfinance Is Defined As A Sector of Formal Andinformal Financial Institutions Providing Micro
savings, micro-credit and micro-insurance services tothe micro-economy, thereby allocating scarce
resources to micro-investments. In a narrow sense,micro-finance institutions are small local financial
institutions. In a wider sense, they may alsocomprise national or regional banks with micro-finance
services for small savers and borrowers»