Microfinance services, or inclusive finance, provide a set of financial products to people excluded from the financial system, such as microcredit, which involves the allocation of small loans to entrepreneurs or craftsmen who can not access traditional bank loans. These services are developed mainly in developing countries, where they stimulate entrepreneurial activity and the creation of outreach activities and draw up the first stages of a journey towards banking inclusion. They also involve people excluded in developed or transition countries.
Microfinance services are a comprehensive package that includes other financial tools such as savings, remittances, guarantees or microinsurance. In 2006, the implementation and large-scale promotion of this system were rewarded with the Nobel Peace Prize awarded jointly to Professor Muhammad Yunus and the bank he created, the Grameen Bank.