MICROFINANC

WHAT IS

MICROFINANC
A source of financial
services--such as
deposits, loans,
payment services,
money transfers, and
insurance--for people
lacking access or
without full access to
the financial sector.

E?

Enables them to take

WHAT IS

MICROFINANCE?

GOAL:
To give low income
people an opportunity
to become self-sufficient
by providing a means of
saving money,
borrowing money and
insurance.

1976
birth
of modern microBangladesh
finance

Dr. Muhammad
Started
microfinancin
g by giving
out a loan of

The Grameen Bank

Village Bank
Works in over eightythousand villages
with more than six
million borrowers.
In 2006 both Yunus
and Grameen were
awarded the Nobel
Peace Prize for their
work with the poor.

E D UC A
TION

E
C
AC
SS

WOMEN

SUSTAINA
BILITY

JOB

IO

HEALTH AND

 World Bank
estimates that
there are
10,000
microfinance
institutions
worldwide.
Over 150
million people
engaged

 Microfinance
leader in Asia
Ranked 3rd in
the world
following Peru
and Colombia

 Overall microfinance
loans surged 333% to
11.3 billion in 2015
from 2.6 billion in 2002
The number of borrowers
jumped 277% to 1.47
million from 390,635
The number of banks
providing microfinance
loans surged 43% to 170
from 119