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What Is The Difference Between Micro Finance And Micro Credit?

Answer»

Micro credit is giving a small amount of LOAN to the CUSTOMERS whereas MicroFinance is a wide term. It includes small loan + training on FINANCIAL MATTERS. In other words, Microfinance= Microcredit + Financial LITERACY.

Micro credit is giving a small amount of loan to the customers whereas MicroFinance is a wide term. It includes small loan + training on financial matters. In other words, Microfinance= Microcredit + Financial Literacy.



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