Economics A-Level
Microfinance
What Microfinance means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Microfinance
Check what you remember
Read the wording for your board, then hide it and explain Microfinance in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The provision of small loans and financial services to low-income individuals who lack access to traditional banking.
Topics that use Microfinance
- Emerging and developing economies (Pearson Edexcel A-Level)
Related terms
- Economic development
- Human Development Index (HDI)
- Primary product dependency
- Savings gap
- Trade Liberalisation
Using Microfinance in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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