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Definitions from the Web

Term: Micro-credit

Description: Micro-credit refers to a small amount of financial assistance provided to individuals, typically in disadvantaged communities, who lack access to traditional banking systems. This type of credit aims to support entrepreneurship and alleviate poverty by enabling recipients to start or expand micro-enterprises. Micro-credit programs often emphasize financial inclusion and empowerment by extending financial services to low-income individuals who would otherwise be excluded from formal loan opportunities.

Sample Sentences:

• Due to the lack of conventional banking options in her area, Maria relied on micro-credit to establish her handicraft business.
• The micro-credit institution offers loans at affordable interest rates to aspiring entrepreneurs in underprivileged regions.
• Through micro-credit, the organization helped numerous farmers access funds to invest in modern farming techniques.
• In need of funds to enhance their small-scale manufacturing unit, the cooperative turned to micro-credit for financial support.
• The success of the micro-credit program can be attributed to its flexible repayment terms and personalized assistance to borrowers.

Related Products on Amazon:

Books on Micro-Credit

Micro-Credit Organizations

Micro-Credit Documentaries