what are microfinance institutions and are they good or bad?

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I’ve been googleing but I’m trying to pull myself out of a rabbit hole. I don’t see these institutions prominent in my country – where are they? And the pros and cons of them seem to be in theory? Like there aren’t news stories accompanying them

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Anonymous 0 Comments

Basically, they make smaller loans to higher risk ventures/people. Therefore, they tend to have worse conditions and interest rates

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