Small loans made to very poor people and intended for self-employment projects that generate income are known as __________ loans.
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Answer: microcredit
Explanation: Microcredit is a very small loan given to poor people, especially to skilled people, to help them become self-employed. This microcredit is given to people who simply don't have the money or any other way to acquire it (such as collateral or any guarantee to repayment in the traditional banking system or loan institutions) to help them purchase the materials they need, so they can begin production, which eventually would bring them revenue and help pay the credit.
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