Meaning of the word mfi in English

What does mfi mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

mfi

US /ˌem ef ˈaɪ/
UK /ˌem ef ˈaɪ/

Abbreviation

Microfinance Institution

Example:
Many small businesses rely on loans from MFIs to grow.
The government is encouraging the establishment of more MFIs in rural areas.