Dhaka, May 20 -- Bangladesh's remarkable economic growth story is intricately woven with the rise of microfinance and its impact on poverty alleviation. Inclusive finance, a broader concept encompassing microfinance and other financial services for the underserved, has emerged as a powerful tool for empowering individuals, particularly those living in poverty, and fostering microenterprise development - the engine of rural growth and economic empowerment.

At its core, microfinance revolves around providing small loans, savings products, and other financial services to the unbanked and underbanked population. This includes individuals excluded from traditional banking systems due to low income, lack of collateral, or geographical remotene...