Question

What is microlending?

Answer 1

Answer: Microlending is a term which has been used to describe the financial help to the small borrowers who are incapable of borrowing money from the banks.

Explanation: This is mostly used for small and narrower business owners for helping them financially.

Answer 2

Microlending is the lending of cash in miniature portions to impoverished people and classes who are incapable to acquire loans from mainstream banks.