Microfinance programs provide small loans and financial services to individuals or groups who typically lack access to traditional banking. These programs aim to empower low-income entrepreneurs, helping them start or expand small businesses, improve their livelihoods, and achieve financial independence. Often supported by non-profit organizations or social enterprises, microfinance programs may also offer training in financial literacy and business management. By fostering economic development in underserved communities, these initiatives can contribute to poverty alleviation and promote sustainable growth, benefiting both individuals and the broader economy.