After seeing my announcement post, one of my college friends texted me “What is microfinance?” Since I know he is not the only one wondering, I’ll answer the question publicly with the definition from Wikipedia –

Microfinance refers to the provision of financial services to low-income clients, including the self-employed.[1] The term also refers to the practice of sustainably delivering those services.

For those who want to understand the subject more completely, I’d suggest reading through the entire microfinance article on Wikipedia.