Microfinance, which consists mainly of micro-loans (less than €25,000) tailored to micro-enterprises (91% of all European businesses) and people who would like to become self-employed but are facing difficulties in accessing the traditional banking services, is an increasingly important tool to bolster financial inclusion. That’s according to the World Economic Forum, which published a report on 9 September setting out how 1.4 billion people around the world still don’t have access to a bank account. “Integrating the 1.4 billion people around the world with no access to a bank account into the…