Microloans are particularly effective tools for combating

Question

Quizplus · Accepted Answer

Microloans are small loans given to people who lack access to traditional banking services. These loans are typically used to start or expand small businesses, which can provide a sustainable source of income and help lift people out of poverty. By providing financial resources to people who would otherwise be excluded from the formal financial sector, microloans are an effective tool for combating poverty.

Microloans Are Particularly Effective Tools for Combating