Microfinance loans are small-scale financial services provided to individuals, particularly those who lack access to traditional banking services. These loans are typically aimed at low-income individuals, entrepreneurs, and small businesses in developing countries or underserved communities

Microfinance loans are typically small in size, ranging from a few dollars to a few thousand dollars, depending on the borrower's needs and the lender's policies. These loans are designed to meet the specific financial requirements of low-income borrowers without imposing a heavy debt burden.