Microfinance initiatives are programs designed to provide financial services to low-income individuals or communities who lack access to traditional banking. These services often include small loans, savings accounts, and insurance, enabling people to start or expand small businesses, improve their living conditions, and achieve financial independence. These initiatives aim to empower individuals, particularly women, by offering them the resources needed to invest in their futures. Organizations like Grameen Bank and various non-governmental organizations (NGOs) play a crucial role in facilitating these services, helping to stimulate economic growth in underserved areas.