Microfinance banks (MFBs) are specialized financial institutions that provide financial services to low-income individuals, micro-entrepreneurs, and underserved communities who typically lack access to traditional banking services. Their main focus is on extending small loans (microloans), savings accounts, insurance, and payment services to promote financial inclusion and poverty reduction.
MSIC - Section K: Financial and insurance activities (436)
K64 : Financial service activities, except insurance and pension funding (402)
K649 : Other financial service activities, except insurance and pension funding activities (385)
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