Alice forres's Blog – October 2019 Archive (1)

Understanding What Rural Finance is and What are the Major Uses

The rural areas are home to most of the poor population in the whole world. However, most do not have access to essential financial services. The standard financial products are usually too rigid or relatively expensive to be used by rural residents. Moreover, financial institutions usually expect short-term capital loans along with frequent repayments are not really well suited for long term or seasonal agricultural activities, and this is where rural finance comes in.

 

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Added by alice forres on October 14, 2019 at 11:16am — 1 Comment

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