59 microfinance terms, explained

An informal savings and investment group, common in Kenya, where members pool contributions and lend or invest together.

An organisation providing small loans and often savings and insurance to people and businesses underserved by banks.

Savings and Credit Cooperative Organisation — a member-owned cooperative that takes savings and lends to its members.

A self-managed group of 15–30 people who save together and take small loans from their pooled savings, sharing out the fund in cycles.