Economics A-Level
Microfinance
What Microfinance means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Microfinance
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
- Human Development Index (HDI)
- Savings Gap
- Economic Development
- Primary Product Dependency
- Trade Liberalisation
Using Microfinance in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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