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Introduction

In: Microcredit Guarantee Funds in the Mediterranean

Author

Listed:
  • Paola Leone
  • Pasqualina Porretta

Abstract

There is no internationally accepted definition of microfinance; however, the term is used to indicate a range of financial services/products (of small amounts) offered to low-income/non-bankable customers and micro-enterprises. Microfinance covers a wide range of financial services that include savings, credit, insurance and remittance. Microfinance targets those people who are denied credit by formal financial and banking institutions because of lack of knowledge as well as formal rules which they have to follow to get a credit from these institutions.

Suggested Citation

  • Paola Leone & Pasqualina Porretta, 2014. "Introduction," Palgrave Studies in Impact Finance, in: Microcredit Guarantee Funds in the Mediterranean, chapter 1, pages 1-21, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-1-137-45299-3_1
    DOI: 10.1057/9781137452993_1
    as

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