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Apart for being a service to the society and dedication to the development issues, microfinance provides high paying jobs. Nobel prize winner Muhammad Yunus of Bangladesh and Vikram Akula of India have provided poor people of the developing countries a source of livelihood and employment through microfinance. A career in microfinance is definitely lucrative with opportunities of self-growth and social development.

How Microfinance Works?

Contrary to traditional finance sector, microfinance provides loans to the poor people in need. The amount can start from USD 1.00 and reach up to USD 1000 or more depending upon the requirement. This small amount is called microcredit.

The microcredit is given to low earning people who can use the amount to start a small business. It is difficult for the poor people to get loan from traditional banks. The microfinance institutions identify such people and give them loans along with the necessary training. Many non government organizations participate in microfinance programs with enthusiasm.

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