Complete Guide to Microfinance Terms in India

Learn the meaning of important microfinance terms in simple language. This guide covers borrowers, lenders, interest rates, credit scores, group lending, KYC, AML, NPAs, responsible lending, and key regulatory concepts for financial businesses.

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The Complete Microfinance Glossary: Important Terms Explained

Microfinance is an important part of the financial sector. It helps individuals, small businesses, self-employed people, and low-income households access financial services when traditional banking may not be easily available.