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Who are the clients of Microfinance?

clients microfinance
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Who are the clients of Microfinance?

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The typical microfinance clients are low-income persons that do not have access to formal financial institutions. Microfinance clients are typically self-employed, often household-based entrepreneurs.

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The clients of microfinance are generally poor and low-income people. They may be female heads of households, pensioners, artisans or small farmers. The client group for a given financial organization depends on that organizations mission and goals.

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The clients of microfinance—female heads of households, pensioners, displaced persons, retrenched workers, small farmers, and micro-entrepreneurs—fall into four poverty levels: destitute, extreme poor, moderate poor, and vulnerable non-poor. While repayment capacity, collateral availability, and data availability vary across these categories, methodologies and operational structures have been developed that meet the financial needs of these client groups in a sustainable manner.

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