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CMS/DEPOSIT

CMS/DEPOSIT

We can take deposits from different financial Istitutions and MFI (The microfinance institution accompanies clients who do not have access to traditional banks. ... Like a bank, a microfinance institution is a provider of credit.)

Like a bank, a microfinance institution is a provider of credit. However, the size of the loans are smaller than those granted by traditional banks. These small loans are known as microcredit. The clients of an MFI are often microentrepreneurs in need of economic support to launch their business. This type of client is considered too risky by traditional banks because they cannot provide real collateral and because they tend to work in the informal sector of the economy.