What is “Affordable Credit”? Explain its benefits for the financial empowerment of women.
Affordable Credit: Affordable credit refers to access to loans and financial products at interest rates and terms that are reasonable and manageable for borrowers, especially those from low-income or underserved segments of the population. It entails providing credit that is affordable in the sense that the repayment burden does not become onerous, and individuals can borrow without facing excessive financial stress or becoming trapped in a cycle of debt.
Benefits for the Financial Empowerment of Women:
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Entrepreneurship and Income Generation: Affordable credit enables women to start or expand their own businesses, fostering entrepreneurship and ______ ________ ________ ____ ____ ______ _______ ___ ______ _____.
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