What is Social Protection?

Microfinance

“Microfinance is the provision of a broad range of financial services such as – deposits, loans, payment services, money transfers and insurance products – to the poor and low-income households, for their microenterprises and small businesses, to enable them to raise their income levels and improve their living standards.”

Source: BSP. n.d. "Notes on Microfinance". Bangko Sentral ng Pilipinas. <http://www.bsp.gov.ph/downloads/regulations/attachments/2001/circ272.pdf>. Accessed 16 June 2020.