Adapting microfinance model to urban challenges: A comprehensive study
Mohammad Shariq and Dr. Alok Singh
Microfinance, known for its pivotal role in supporting entrepreneurship and alleviating poverty, has traditionally been associated with rural settings. However, as the world's urbanization picks up speed, urban centres are seeing a change in the dynamics of poverty and financial inclusion. In order to better understand how microfinance models adjust to the particular structural, financial, and social difficulties that arise in urban surroundings, this study explores the difficulties that microfinance faces in urban settings. This study intends to give insight on how the microfinance landscape in urban areas is changing by examining the challenges and adaptations.