What is microfinance primarily aimed at?

Microfinance is primarily aimed at offering financial services to low-income individuals who typically lack access to traditional banking systems. This approach enables those in underprivileged communities to secure loans, savings accounts, and other financial instruments that can facilitate entrepreneurship and improve their standard of living. By targeting low-income individuals, microfinance seeks to empower them economically, encouraging self-sufficiency and sustainable development. It provides a means for these individuals to invest in small businesses, enhance their skills, and manage their financial risks effectively.

The focus on low-income individuals distinguishes microfinance from the other options provided. For example, microfinance does not cater to large corporations, which typically have the resources to access conventional financing. Additionally, while sustainability is a significant theme in international development, greening industries is not the core mission of microfinance. Lastly, funding government projects is unrelated to the individual-centric approach of microfinance, which prioritizes personal and community financial empowerment.