New combined microfinance approach could revolutionize financial inclusion worldwide!
The article explores how microfinance programs are expanding to offer more than just loans, including savings and insurance. This shift, known as combined microfinance (CMF), has not been studied much yet. The authors reviewed past research on savings, insurance, and loans to understand CMF better. They found that CMF can have both positive and negative effects on the economy and society. More evidence is needed to see how CMF impacts development outcomes.