Define Microfinance, Then Explain How It Works Towards Alleviating Poverty

question 21

Essay

Define microfinance, then explain how it works towards alleviating poverty.

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Definitions:

Tax Saving Plan

A financial strategy or investment designed to reduce the amount of taxes payable by an individual or organization.

Psychographic Profiling

A marketing technique that categorizes audiences based on their personality traits, interests, values, and lifestyles to better target advertising and communications.

Values And Beliefs

Principles or standards of behavior that are considered important by individuals or groups, and convictions held to be true.

Myers-Briggs Typology

A personality framework that categorizes individuals into 16 distinct personality types based on four dichotomies of preferences.