Philippine E-Journals

Microfinance Indian Style

Annabelle E. Guerra | Joel Yacas

Discipline: Business, Finance

 

Abstract:

As a developing country, the Philippines has a large area of informal sector comprising mostly of micro enterprises. Many of these are severely resource-constrained small vendors, whose survival in business relies heavily on access to financing. Microfinance refers to the provision of financial services to poor or low-income clients, including consumers and the self-employed. The term also refers to the practice of sustainably delivering those services.