Microfinance is a category of financial services focussed at individuals and small businesses who are not able to access conventional banking and related services. It includes microcredit, the provision of small loans to poor clients; savings and checking accounts, microinsurance, and payment systems. Its services are designed to be more affordable to poor and socially marginalized customers and to help them become self-sufficient.
- Relationship-based banking focusing on individual entrepreneurs and small businesses
- Group-based models in which several entrepreneurs come together to apply for loans and other services as a group.