6. Micro Credit

Question

6. Micro Credit

10 Mar 2023

Answer :

Word Count : 325

Microcredit is a financial tool that aims to provide small loans to individuals who lack access to traditional banking services. It is particularly beneficial for low-income individuals and entrepreneurs who need a small amount of capital to start or expand their businesses.

The concept of microcredit was first introduced by Muhammad Yunus, a Bangladeshi economist and social entrepreneur, in the 1970s. Yunus founded Grameen Bank, ____ ______ __________ ______ _________.
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