Microfinance is a _______ service.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. financial.
- The primary aim of microfinance is to provide access to financial resources for people who may not have access to traditional banking services.
- Microfinance institutions (MFIs) typically provide small loans to individuals or small businesses that may not qualify for loans from traditional banks.