Small loans to entrepreneurs and small business owners in DVCs are referred to as

Question

Quizplus · Accepted Answer

Small loans to entrepreneurs and small business owners in DVCs are commonly known as microcredit. Microcredit is a lending system that provides small loans to people who would normally not have access to traditional financial institutions, allowing them to start or expand their small businesses. This type of lending is an important tool for poverty alleviation and economic development in DVCs.

Small Loans to Entrepreneurs and Small Business Owners in DVCs