Definitions for "Microfinance"
It is sometimes used synonymously with microcredit's definition to define the whole industry (such as in microfinance institution). Financial services (credit, loans, savings, insurance, etc.) provided to the poor.
Banking and/or financial services targeted to low-and-moderate income businesses or households, including the provision of credit.
These are small loans that help poor people who want to start or expand their small business, but are not able to get banks to lend to them. Source: World Bank