Book Info

  • Project Leader:
    Websoftex
  • Participants:
    The WEbook community
  • Who Can Write:
    All Participants
  • Category:
    Fiction
  • Genre:
    Experimental
  • Language:
    English
  • Created:
    12/21/2017

Project Forums

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The difference between microcredit and microfinance

We need to differentiate between ‘microcredit’ (the provision of tiny loans) and ‘microfinance’ (the provision of tiny loans, savings facilities, insurance, and cash transfer, usually among business coaching and different non-financial services).
Sadly, the terms are typically used interchangeably, with some critics decrying the quality of microcredit whereas using the term microfinance. It is not clear, therefore, whether or not their criticism is restricted to microcredit or whether or not i ... more »
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