Microfinance are the finance companies that deal with small loans. Compared to big banks, microfinance also offer easy loan process. In most case, you do not even have to give them collateral. However, if you want to access business loans through micro finance, you will have to understand the terms and conditions. Applicants must be shareholders of the microfinance institution. In other words, you need to be an investor in the company. Secondly, you will also have to get approval from multiple shareholders. Microfinance mainly work with small loans therefore, if you need big business loan, they might not help you.