Microcredit refers to
A) small-size stock markets with very limited capitalization.
B) a system of providing credit to small-business owners.
C) bond markets for governments of small nations.
D) deposits in small banks in developing nations.

Question

Quizplus · Accepted Answer

Microcredit specifically refers to the practice of providing small loans to individuals, particularly those in developing countries, who do not have access to traditional banking services. This helps small-business owners and entrepreneurs to start or expand their businesses and can have a significant positive impact on poverty reduction and economic development. Therefore, the correct choice is B.

Microcredit Refers to