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Cumulative Exam

Cumulative Exam Active
21 22 23 21
Small loans made to very poor people and intended for self-employment projects that generate income are
loans.
A. shark
B. self-reliance
C. NGO
D. microcredit
Please select the best answer from the choices provided.
O
A
B
U
OD

User Pfitz
by
7.6k points

1 Answer

3 votes

Final answer:

Microcredit refers to small loans provided to very poor people for self-employment projects.


Step-by-step explanation:

The correct answer is D. microcredit. Microcredit refers to small loans provided to very poor individuals who do not have access to traditional banking services. These loans are typically used for self-employment projects that generate income and promote self-reliance.


Learn more about Microcredit and poverty alleviation