Final answer:
MFI funding refers to funding provided to Microfinance Institutions (MFIs) for the purpose of supporting their operations and expanding their reach. It is sourced from various funders and can come in the form of grants, loans, or equity investments.
Step-by-step explanation:
In the ACCION course lecture, MFI funding refers to funding provided to Microfinance Institutions (MFIs). MFIs are organizations that provide financial services, such as small loans, to individuals and businesses who do not have access to traditional banking services. MFI funding is typically used to support the operations of MFIs and help them expand their reach to serve more people in need.
One true aspect about MFI funding is that it is often sourced from a variety of different funders, including development banks, impact investors, and donor organizations. These funders believe in the social mission of MFIs and provide funding to support their work. Additionally, MFI funding may come in the form of grants, low-interest loans, or equity investments, depending on the preferences of the funders and the needs of the MFIs.