Acta Scientific Computer Sciences

Review Article Volume 4 Issue 10

Case Studies: Microfinance is a Concept of Building a Balanced Social Economy

Gazi Farok*

Toronto Metropolitan University and York University, Toronto, Canada

*Corresponding Author: Gazi Farok, Toronto Metropolitan University and York University, Toronto, Canada.

Received: July 18, 2022; Published: September 10, 2022

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Abstract

Microfinance is used to offer key financial services to some of the world’s poorest and mostly of vulnerable community people. Thousands of women and men are not viewed as valuable clients by traditional banks but they feel lack access to services. Muhammad Yunus is a Bangladeshi social entrepreneur. He is the pioneer of the concepts of microcredit and microfinance. ‘Elevator Pitch’ idea says that Muhammad Yunus established the Grameen Bank (GB) in Bangladesh in 1983 with anti-poverty concepts and he accelerated his belief that credit is a fundamental human right.


Keywords: Microfinance; Bank; Clients; Services; Economy

References

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Citation

Citation: Gazi Farok. “Case Studies: Microfinance is a Concept of Building a Balanced Social Economy". Acta Scientific Computer Sciences 4.10 (2022): 18-23.

Copyright

Copyright: © 2022 Gazi Farok. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.




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