EFFECT OF MICROFINANCE ON ENTREPRENEURSHIP DEVELOPMENT: A CASE STUDY OF KANCHANPUR DISTRICT
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Abstract
These are targeted to develop a more sustainable business and to raise the living standard of the clients. A
comprehensive range of financial services are provided through microfinance to low income people. These services are including deposit, loan, payment service, money
transfer, and insurance product.
Description
Microfinance, which meaning "little loan," is made up of the two terms "micro" and "finance." It continues to give small loans to those in need. The facility of microfinance financial services to the underprivileged is grounded on market theory, and business practices. The financial services included in this description include
saving, money transfer, payment, remittance, insurance, and others services. Because of shared responsibility lending, it is required to borrow money from a collection of other borrowers. Microfinance serves as the medium for each loan. One of the finest options for encouraging self-employment is microfinance.