According to the Global Impact Investing Network (GIIN), impact investing is investments made into companies, organisations and funds with the intention to generate measurable social and environmental impact alongside financial return. Among the most dominant parts of the impact investing space is microfinance, which reflects this sector’s role in driving financial inclusion, which is among the most commonly targeted social impact themes along with affordable housing.
Micro nance describes the provision of banking services to individuals, households and small businesses at the base of the income pyramid. Microfinance also supports global efforts to increase financial inclusion, which studies show can not only spur economic activity, but, also reduce income inequality (Cull 2012).
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