Invest in Microfinance Business with Insights Of High Beam Global
Microfinance is a type of banking service which is provided to unemployed or low-income groups because they have minimal access to financial resources. It enables an individual to take a reasonable amount of small loans safely in a consistent manner with ethical lending practices. Microfinance is of the flourishing vertical of the banking industry . A total number of microfinance accounts was 9.33crore at the end of March 2019. According to the secondary research conducted by a research analyst, the microfinance industry is foreseen to see a growth of 20-22% in 2019-20.
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