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Tags: microfinance
Categories: Economics & Finance
A financial institution specializing in banking services for low-income groups or individuals. A microfinance institution provides account services to small-balance accounts that would not normally be accepted by traditional banks, and offers transaction services for amounts that may be smaller than the average transaction fees charged by mainstream financial institutions.
(Read more: http://www.investorwords.com/17362/microfinance_institution.html#ixzz2EIYk6cll)
