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What are function of microfinance institutions


1 Answer

2 votes
Answer: To provide loans financing in micro-scale businesses to members and the public.

Explanation: Like financial institutions in general, MFIs collect funds, manage deposits, but primarily channel funds in the form of loans to MSME players and provide business development services through consulting. Loans provided have lighter terms and conditions, so they are not burdensome to MSMEs.
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User Aipo
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