Banking Solutions
New credit solutions and services for communities, through the creation of a microfinance organization (MFO)
Banking services for those who do not have access to banking services at the grassroots level. Lenders that provide microfinance services, micro-savings, microcredit, payment services, and money transfers. About 1.7 billion people do not have access to financial services (source: The World Bank). The role of a microfinance organization in economic development is to provide vital providing important financial services to poor and low-income households, entrepreneurs and developing enterprises, meeting the needs of the population, as this is the most effective tool for poverty reduction.