1. Provides access to funds through relatively soft loans with less requirements
2. Encourages self-sufficiency and entrepreneurship
3. Manages risk through micro-insurance and funds for other unforeseen events
4. Empowers vulnerable people and groups by providing them easy access to capital required to start a business

As a group

1. Form a group with common interests
2. Visit your nearest microfinance institution
3. Request for information on the products and services that are more relevant to your group.
4. Request and read terms and conditions.
5. If understood and are satisfied with the terms and conditions, fill the form as a group.

 As an individual

1. Visit your nearest microfinance institution
2. Request for information on products and services offered by the institution
3. Request and read the terms and conditions
4. If you have understood and are satisfied with the terms and conditions, fill forms.

1. Provide loans of very small amounts to its clients for micro-activity, which may be commercial, artisan or agricultural e.g. Small scale business loans, educational loans, household loans, sanitation etc
2. Provide micro savings
3. micro insurance
4. micro-leasing
5. micro-housing and
6. other services

1. Small scale business owners (retailers, wholesalers, hawkers, farmers, artisans,
2. Low income people involved in either the formal or informal sectors.

D.It is an effective tool for poverty alleviation and social-economic development

E.Microfinance also grants microcredit to support and develop small-scale economic activities

F.Amounts involved are usually smaller than what traditional banks offer

A.Microfinance refers to a variety of financial services that target low-income people

B.A microfinance institution provides financial services to people not targeted by traditional banking system

C.The aim is to empower the socially and economically vulnerable members of the society and give them the means to attain dignity and self-sufficiency