Microfinance is a financial service that aims to provide small-scale loans, savings accounts, and other basic financial services to low-income individuals or groups who typically lack access to traditional banking services. It is a form of financial inclusion that seeks to empower individuals to improve their economic situation through access to capital and financial services. Microfinance institutions often focus on providing services to women and marginalized communities, with the goal of promoting entrepreneurship, poverty alleviation, and economic development at the grassroots level. The concept of microfinance gained popularity in the 1970s and has since expanded globally, with numerous organizations and initiatives dedicated to promoting financial inclusion and social impact through microfinance services.