Microfinance is the provision of sustainable financial services to the poor, including credit, savings, guarantees, insurance, transfer payments, remittances and other transactions.
Microfinance seeks to extend the financial market to a wider segment of the population, including young people and women. It is also seen as an instrument for reducing poverty and social vulnerability, and therefore translates fundamental ILO values into action: it opens up opportunities for better livelihoods, fosters solidarity and empowers the working poor.
Interview with Mr Robert Christen
President and founding member of the Boulder Institute for Sustainable Microfinance. Read More