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Microfinance: a tool for supporting small businesses and the social economy in Greece

The AcceleratorIn countries where the economy is reforming or is just unstable, an answer is sought for high-risk financing. Enter microfinance, a financing solution where specialized institutions back small businesses and would-be entrepreneurs with micro loans (microcredit). From France to Bangladesh, microfinance institutions (MFIs) have reached where the traditional banks could or would not, helping to improve standards of living, transforming communities, and empowering marginalized groups, particularly women, in some of the worst areas and markets in the world.

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