InvestorQ : I have come across this term ‘MFI’. What is it?
Ashoka Patkar made post

I have come across this term ‘MFI’. What is it?

Answer
image
Manisha Mehta answered.
3 years ago
Follow

MFI, or micro-finance institutions, are institutions that offer financial services to poor or low-income people. They offer varied financial services such as providing loans, offering insurance, deposit and other services.

The MFIs offer credits and other financial services to the representatives of poor strata of population (except for extremely poor strata).

1 Views