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Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services.The two main mechanisms for the delivery of financial services to such clients are:
(1) relationship-based banking for individual entrepreneurs and small businesses; and
(2) group-based models, where several entrepreneurs come together to apply for loans and other services as a group.
S.B.MICROFINANCE HELPS TO START BUSINESS
Any person who have vision,Dreams in eyes ,can get financial help from s.b.foundations.
Microfinance services by "S.B.FOUNDATION"
In some regions, for example In INDIA, microfinance is used to describe the supply of financial services to low-income employees, which is closer to the retail finance model prevalent in mainstream banking.
This is a homogeneous group of micro entrepreneurs with affinity among themselves,voluntarily formed to shave whatever amount they can conveniently save out of their earning and mutually agree to contribute to a common fund of the group from which small loans are given to the members for meeting their productive and emergent credit needs at such rate of interest,period of loan enjoy and other terms as the group may decide.