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Look up:
microcredit
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microcredit
a means of extending credit, usually in the form of small loans with no collateral, to nontraditional borrowers such as the poor in rural or ... [5 related articles] Found op http://www.britannica.com/eb/a-z/m/85
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Microcredit
Microcredit is the extension of very small loans (microloans) to poor borrowers who typically lack collateral, steady employment and a verifiable credit history. It is designed to spur entrepreneurship, increase incomes, alleviate poverty and often also to empower women. Microcredit is a part of mi... Found op http://en.wikipedia.org/wiki/Microcredit
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microcredit
microcredit, the extension to poor individuals of small loans to be used for income-generating activities that will improve the borrowers' living standards. The loans, which may be as little as $20 for very poor borrowers in some developing countries, typically are for a short term (a year or less),... Found op http://www.infoplease.com/ce6/bus/A0935124.html
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