|B BUS (Accg)||Elective|
|B BUS (MGT and FIN)||Elective|
Microfinance is a relatively new approach in the finance industry, delivering a range of varied financial services to poor and socially marginalised people, particularly women, who are not able to obtain financial services from – or are generally ignored by – traditional financial institutions. This subject is an introduction to microfinance. It examines the origins, motivations, operations, services, impacts, major risks and government interventions relating to what is now a major industry across many countries, helping many millions of people to become self-sufficient. It provides insights into this expanding area as well as case studies to illustrate its impacts, benefits and limitations.