microfinance
CEFR: C1
A type of banking service provided to unemployed or low-income individuals or groups who have no access to traditional banking.
Synonyms
- microfinance descriptor
- technical taxonomy
Common Collocations
- analysis of microfinance
- features of microfinance
- impact of microfinance
Example Sentence
The empirical research passage in Cambridge IELTS 15 highlights the importance of microfinance in its specific analytical context.