Who benefits from microfinance? Microfinance generally concerns the poor inhabitants of developing countries. More generally, microfinance refers to a vision of the world where “the maximum number of poor or assimilated households can have permanent access to a range of high-quality financial services tailored to their needs, including not only credit but also savings, insurance, money transfers’ and education.
Microfinance provides access to financial autonomy. Microcredit provides access to banking for the poorest and enables banking inclusion. On the other hand, microfinance brings choices through decision-making power. It brings a certain independence and autonomy which allow emancipation and therefore a breakthrough for women.