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More than 174 million individuals have immediately or not directly benefited from microfinance-related operations. Some organizations allow lenders to choose precisely who they wish to help, categorizing debtors by their poverty stage, geographic area, and kind of small enterprise. The first organization to obtain consideration was the Grameen Financial Institution, started in 1983 by Muhammad Yunus in Bangladesh. In its fashionable type, microfinancing turned popular on a big scale in the Seventies.
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