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Theses are benefits such as aiding the movement of many out of poverty and empowering women.
Micro Finance Institutes (MFIs) are organizations that offer financial services to the poor and financially vulnerable that come from lesser-developed economies. The term micro finance institution has come to refer to a wide range of organizations dedicated to providing these services. These are institutions or organisations such as NGOs, credit unions, cooperatives, private commercial banks and non-bank financial institutions (some that have transformed from NGOs into regulated institutions) and parts of state-owned banks, for example...
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