Micro Credit

Microcredit, also known as microfinance, refers to the provision of small loans and financial services to individuals, particularly those who are economically disadvantaged and lack access to traditional banking services. Here are some key points about microcredit:

1. Purpose: Microcredit aims to alleviate poverty, empower individuals, and promote economic development by providing financial resources to low-income individuals, especially in rural or underserved areas. It focuses on enabling individuals to start or expand small businesses, generate income, and improve their livelihoods.

2. Small Loan Size: Microcredit typically involves providing small loan amounts, ___ ___ _____ ______ ______.
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