Economics Microfinance Questions
The role of microfinance in promoting sustainable infrastructure is to provide financial services, such as small loans and savings accounts, to individuals and small businesses in low-income communities. By offering access to capital, microfinance enables these individuals and businesses to invest in sustainable infrastructure projects, such as renewable energy systems, water and sanitation facilities, and transportation networks. This helps to improve the quality of life in these communities, promote economic development, and contribute to long-term sustainability. Additionally, microfinance institutions often provide technical assistance and training to borrowers, helping them to effectively manage and maintain the infrastructure projects.