Author(s): Liam O???Connor
Microfinance has emerged as a powerful tool for promoting economic development and expanding financial access in underserved communities. By providing small loans, savings options, and financial services to low-income individuals, microfinance institutions (MFIs) enable entrepreneurship, income generation, and poverty reduction. This article examines the role of microfinance in economic development, its impact on financial inclusion, and the challenges associated with its implementation. The study highlights how sustainable microfinance models can empower marginalized populations while contributing to broader economic growth.