Definition
Microfinance is financial services to micro-entrepreneurs and low-income communities.
Microfinance institutions of formal, semi-formal and informal financial institutions conducting financial services to micro-entrepreneurs and the low / poor.
Microfinance institutions in Indonesia consists of two groups: formal microfinance institutions and informal details of the type covered by the following:
Rural Bank (BPR) is a bank that accepts deposits only in the form of time deposits, savings and or other equivalent forms of it, and then distribute the funds in the form of loans to people in need, such as: PT. Bank market, PT. Village Bank.
ATM (Automatic Teller Machine) is banking transactions conducted by using machines independently, such as making money, transfers, bill payments, and so forth.