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What is the social benefit of microfinance?

benefit microfinance social
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What is the social benefit of microfinance?

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Given its positive impact on the income situation of poor people, development experts nowadays view microfinance as an important tool for promoting economic and social development. By helping people help themselves, microfinance makes an important contribution to alleviating poverty with positive benefits, including access to education, better health and nutrition. Even a small investment reaches a large number of microentrepreneurs who in turn can use the microcredit to improve the standard of living of their families and employees.

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