Microfinance

Microfinance is a form of capital that emphasizes sustainability and relationship-based banking, differing from traditional banking by targeting individuals with small loans. It is crucial for the 2.5 billion people without access to traditional banking. Microfinance institutions have grown globally, especially in regions with limited credit access. Key players like Grameen Bank and BRAC have been pivotal. In the US, microfinance helps small businesses through initiatives like the Small Business Administration's opportunity fund.

What social cause element is associated with microfinance?

Can you name some major players in the microfinance sector and their founding years?