Question

Discuss the idea of micro credit as evident in the lesson​

Answer 1

Answer:

Microcredit. ... Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty

Answer 2

Answer:

It's main object are provide small loan to the poor people or easy term so its called Microcredit system.

In the lesson most of time the idea of microcredit used by Muhammad Yunus, such as since 1970s, the microcredit idea originating with Grameen Bank. A media friendly personality professor Yunus has spread the idea of microcredit far & wide and tirelessly advocate the nation that credit is human rights. the idea of Muhammad Yunus "microcredit" helps to developed Grameen Bank.

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