The main goal of microfinance is to alleviate the poverty thats why microfinance student like me are shaping to help poor people in small business or giving knowledge on how to spend money properly and they also provide employment opportunities. Because Microfinance has the capacity to increase selfemployment and create microenterprises in developed countries. With the assistance of microfinance, households are able to expand opportunities for income accumulation, thus allowing people to provide for their families. Having access to credit can help stop poverty in the immediate term, disrupt the cycle of poverty by making money available, and facilitate potential business opportunities. Microfinance has also been known to cater to underserved and disadvantaged populations like women, disabled people, the elderly, the unemployed, and those who simply wish to meet their basic needs. Families may save and even invest in better housing, healthcare, and education, making the positive impacts more sustainable and lasting. Through the help of microfinance, entrepreneurs in poor countries and underprivileged communities can survive, operate, and even prosper by creating more job possibilities for others with the support of microfinance. Participation in a microfinance program is linked to increased consumption, improved nutrition, improved living standards, and growing economies.
