Asked by Jordanna Porter on Jul 16, 2024
Verified
Microcredit refers to
A) small-size stock markets with very limited capitalization.
B) a system of providing credit to small-business owners.
C) bond markets for governments of small nations.
D) deposits in small banks in developing nations.
Microcredit
Refers to the provision of small loans to individuals in impoverished countries or regions to promote entrepreneurship and alleviate poverty.
Credit
The provision of resources (such as money) by one party to another, where the second party does not reimburse the first party immediately but promises to return those resources or repay their value at a later date.
Small-Business Owners
Small-business owners refer to individuals who own and operate businesses that are typically defined by small scale, local operation, and less revenue compared to larger corporations.
- Appreciate the part that international help and institutions, like the World Bank, contribute to economic prosperity in developing countries.
Verified Answer
MD
mariama diabyJul 21, 2024
Final Answer :
B
Explanation :
Microcredit refers to providing small-scale loans to low-income individuals, especially to entrepreneurs who do not have access to traditional banking services. These loans are usually given for starting and expanding small businesses. Therefore, option B is the correct choice. The other options are not related to microcredit.
Learning Objectives
- Appreciate the part that international help and institutions, like the World Bank, contribute to economic prosperity in developing countries.