Microfinance, in its broadest form, has traditionally been considered to be the provision of financial services to low-income clients and microenterprises that often do not have access to formal banking services. These financial services range from deposits, loans, payment services, money transfers, to insurance to the poor and low-income households and their micro-enterprises. In this context, and in line with the United Nations’ SDGs, microfinance is hence deemed a tool for socio-economic development through financial inclusion, which seeks to empower low-income households and SMMEs to transit from poverty, by financing income producing activities, building assets, stabilizing consumption, and protecting risks. The United Nations’ SDG 8 is concerned with the promotion of sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Specifically, SDG8.3 seeks to promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro, small and medium-sized enterprises (MSMEs), including through access to financial services. As such, other than formulating and implementing policies which seek to include MSMEs in the formal economy, governments are also providing funding for initiatives such as small business development agencies and MFIs. 

Evaluate the key roles actively played by formalized, existing microfinance institutions in complementing the efforts of government in achieving SDG8. Your answer should be concise, and supported by credible examples