Microfinance, also known as microcredit, is a financial service that offers loans, savings and insurance to entrepreneurs and small business owners who don't have access to traditional sources of capital, like banks or investors. The goal of microfinancing is to provide individuals with money to invest in themselves or their business. (https://www.businessnewsdaily.com/4286-microfinance.html)
The Grameen approach to the group-lending model fosters a powerful social network that produces social capital by engaging borrowers in weekly group meetings. These support networks empower women to expand their businesses, repay loans and prosper in ways that were not made possible by solely providing financial capital. ( http://grameenresearch.org/grameen-methodology-2/)