Roles of Facilitators in Microfinance

Meaning of Microfinance

Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; micro insurance; and payment systems, among other branches. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.

Microfinance, also called microcredit, is a type of banking service provided to unemployed or low-income individuals or groups who otherwise would have no other access to financial services.

Roles of Facilitators in Microfinance

1. Facilitators equipped the marketers of the company to build up a large customer base.

2. They help in educating the customers about all they need to know about the company.

3. Facilitators help the company to achieve the objective goal with the aid of a series of meetings.

4. Facilitators recognize individual strengths and efforts to change things for better.

5. Facilitators are always been neutral and positive in the company.