Why is microcredit so important for poorer countries/regions?

1 answer:

4 0

The idea was simple enough: By giving a very small loan to someone living in a poor country, you could help them expand a small business, which would lift their family out of poverty. When they pay back the loan, the money can be cycled to more borrowers, getting more families out of poverty.

( I hope this helped :3 !!! )

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