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DIFFERENCE BETWEEN MICROCREDIT AND MICROFINANCE

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DIFFERENCE BETWEEN MICROCREDIT AND MICROFINANCE
DIFFERENCE BETWEEN MICROCREDIT AND MICROFINANCE
MicrocreditMicrofinance
– Microcredit is just a small loan process.– Microfinance is a program with other financial benefits including savings, credit, insurance, remittances etc.
-Activities are carried out with a specific community or customer.-The activities are carried out with different groups of people or customers
-Microcredit is just a part of microfinance-Microfinance = Credit + Savings + Other Financial Benefit

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